SigOpt’s customer base includes Fortune 500 companies across industries, as well as research institutions, universities and consortiums
Intel announced it will acquire SigOpt, a San Francisco-based provider of a leading platform for the optimization of artificial intelligence (AI) software models at scale. The company plans to use SigOpt’s software technologies across Intel’s AI hardware products to help accelerate, amplify and scale Intel’s AI software solution offerings to developers.
“In the new intelligence era, AI is driving the compute needs of the future. It is even more important for software to automatically extract the best compute performance while scaling AI models. SigOpt’s AI software platform and data science talent will augment Intel software, architecture, product offerings and teams, and provide us with valuable customer insights. We welcome the SigOpt team and its customers to the Intel family,” noted Raja Koduri, Intel senior vice president, chief architect and general manager of the Architecture, Graphics and Software (IAGS) Group.
SigOpt’s AI software technologies, as Intel pointed out, deliver productivity and performance gains across hardware and software parameters, use cases and workloads in deep learning, machine learning and data analytics. The company’s customer base includes Fortune 500 companies across industries, as well as research institutions, universities and consortiums.
The deal is expected to close this quarter. Transaction terms were not disclosed by either of the companies. SigOpt’s team including Scott Clark and CTO and co-founder Patrick Hayes will join the Machine Learning Performance team in IAGS.
“We are excited to join Intel and supercharge our mission to accelerate and amplify the impact of modelers everywhere. By combining our AI optimization software with Intel’s decades-long leadership in AI computing and machine learning performance, we will be able to unlock entirely new AI capabilities for modelers,” said Scott Clark, SigOpt CEO and co-founder.
