Alphabet acquired Moodstocks, a transaction announced in July 2016.
Moodstocks operates in AI / Machine learning, is based in Paris, France. Moodstocks was a Paris-based team building machine-learning and on-device image- and object-recognition technology for mobile. Google acquired it to strengthen its machine-learning research presence in France and improve visual recognition across products such as Google Photos. (Announcement is on Google's official French-language blog.)
Bolster Google's machine-learning talent and image-recognition capabilities in Europe.
Advisory firms were not disclosed for this transaction.