Facebook Inc on 5 January 2015 acquired startup company Wit.ai in an attempt to develop voice recognition. However, the details of acquisition were not disclosed by the firms.
The Wit.ai platform will remain open and will be available entirely free for everyone even after the acquisition.
Through this acquisition, Facebook aims to connect everyone and build amazing experiences for the over 1.3 billion people on its platform.
• Wit.ai is a Y Combinator startup founded in 2013 by Alexandre Lebrun.
• Wit.ai has created an API for building voice-activated interfaces. Now, it has 6000 developers on its platform who have built hundreds of apps.
• Wit.ai has built an incredible yet simple natural language that has helped developers turn speech and text into actionable data.
Who: Facebook Inc
What: acquired Wit.ai
When: 5 January 2015