IBM has acquired AlchemyAPI, a provider of cognitive computing application program interface (API) services and deep learning technology – to expand the Watson ecosystem.
40,000 developers that have innovated on the AlchemyAPI platform will be a boost for IBM’s development of cognitive computing applications.
IBM, which did not disclose the financial details of the acquisition, will integrate AlchemyAPI’s deep learning technology into the Watson platform.
There are multiple benefits from the acquisition of AlchemyAPI, which is founded in 2005 and headquartered in Denver.
First, the acquisition will expand the number and types of cognitive computing APIs available to IBM clients, developers, partners and other members of the Watson ecosystem. This includes language analysis APIs to address new types of text and visual recognition, and the ability to detect, label and extract important details from image data.
Second benefit will be the enhancement of the ability of Watson to identify hierarchies and understand relationships within data sets.
Third, the AlchemyAPI technology is expected to enhance Watson’s ability to ingest, train and learn data domains including general business and target industries.
AlchemyAPI’s deep learning platform enables to build cognitive-infused applications with advanced data analysis capabilities such as taxonomy categorization, entity and keyword extraction, sentiment analysis and web page cleaning.
The company’s software platform processes billions of API calls per month across 36 countries and in eight languages: English, French, German, Italian, Portuguese, Russian, Spanish, and Swedish.
IBM will be delivering AlchemyAPI’s capabilities, including new language analysis and visual recognition services, through Bluemix.