Artificial intelligence (AI) software solutions provider SparkCognition acquired Integration Wizards, a visual AI player, for an undisclosed amount.
SparkCognition intends to use this acquisition to broaden its intellectual property portfolio to include computer vision capabilities in order to add value to its industry solutions. According to SparkCognition, the technology makes use of new and diverse data sets such as CCTV feeds, drone footage, video from handheld devices, and existing camera infrastructures. The solution can be deployed in hours or days and aids in the resolution of issues such as safety, security, visual inspection, productivity, and situational awareness. Hindustan Petroleum Corporation Limited, Reliance Industries Limited, Heineken, Xerox, Novo Nordisk, and Johnson Controls have all benefited from Integration Wizards' visual AI technology.