Techcrunch through their reliable sources has learnt that Google has acquired Wavii, the Summly like news summarizer start-up to improve their Knowledge Graph. The value of the acquisition is said to be more than $30 Million. According to Techcrunch, both Apple and Google were in a race to buy Wavii – Apple for Siri and Google for Knowledge Graph – but Google wins the race. Recently, Yahoo acquired Summly, a news summarizer, for $30 Million and now Google.
With an iPhone app launched recently, Wavii is still in Beta. Wavii is a natural language processing start-up which aggregates the online news content and summarizes it as feed.
Wavii is just a 25-person team which will move to Google’s Knowledge Graph division, including the founder Adrian Aoun. Rather than Apple using it in Siri, Google can efficiently make use of Wavii’s NLP algorithms not only in Knowledge Graph, but also in Google Now and Google News.