Expect Labs, a San Francisco startup that is developing a platform to power a new generation of intelligent digital assistants, today announced a strategic investment from Intel Capital, Samsung Venture Investment Corp. (SVIC), and Telefonica Digital. Expect Labs' technology platform, the anticipatory computing engine, is the first commercial solution designed to analyze and understand conversations in real-time and proactively find related information.
Leading Tech Companies Invest into Pioneer of Perceptual Computing Pioneer
Founded in 2011, Expect Labs has pioneered the development of technology that enables computing devices and applications to pay attention continuously and better anticipate the information that users need. Over the past two years, Expect Labs' team of research experts have developed a new class of technologies to understand the meaning of continuous conversations. Based on this understanding, Expect Labs' platform can model the context of users' interactions in real-time, and proactively find information you may want before you need to search for it. As part of this new strategic investment, Expect Labs will begin working to enable new types of context-aware, predictive intelligence in a wide variety of applications and devices.
"In just a few years, we will live in a world where the connected devices all around us will know who we are, understand what we say, and be far more capable of interpreting our intentions and anticipating our needs. We are delighted that leading global companies like Intel, Samsung and Telefonica share this vision, and we are looking forward to exploring ways to work with them to create a new generation of intelligent applications and devices," said Timothy Tuttle, founder and chief executive of Expect Labs.
Intel Capital, Samsung Venture Investment Corporation and Telefonica Digital will join Expect Labs' existing investors, including Google, Greylock, Bessemer, IDG Ventures, KPG Ventures, Quest Venture Partners as well as several well-known angel investors.
Since emerging from stealth mode in 2012, Expect Labs has been widely recognized as a leader in the fast-emerging field of Anticipatory Computing and has received numerous accolades.
New Era of Computing Requires New Types of Artificial Intelligence
Intel Capital, Intel's global investment organization, has been investing in a wide range of hardware and software technologies to both make computing devices more intelligent and context-aware and to help create new types of user interfaces driven by voice, touch, and gesture.
"We are entering an era where the computing devices in our lives will not only be able to understand what we say, but they will also do a much better job anticipating the information we may need. We look forward to working with Expect Labs to explore ways to achieve this vision," said Dave Flanagan, a representative from Intel Capital.
Through this partnership, Samsung Venture Investment Corp. expects to empower Expect Labs to enable new types of intelligent, voice-driven and context aware behavior across a wide range of devices including smartphones, tablets and smart TVs.
"Expect Labs has taken a unique approach to modeling context using sensor signals, such as GPS and audio, that are available in the new generation of computing devices. We think this approach is an important step toward creating a new layer of application and device intelligence," said Brannon Lacey, principal at Samsung Venture Investment Corp.
As part of its investment, Telefonica intends to utilize Expect Labs' technology and expertise to enhance several product lines including next-generation communications applications and advertising initiatives.
"Expect Labs is at the cutting edge of the future of search, developing solutions that will change the way we discover and share information. We see huge potential for its technology across all areas of our business, and this investment opens the door to close collaboration between our technical teams," said Tracy Isacke, head of Telefonica Digital Ventures.