About This Deal

Microsoft Corporation acquired Lobe, a transaction announced in September 2018.

Lobe operates in Microsoft AI, is based in San Francisco, California, United States. Lobe is a San Francisco startup offering a simple visual, no-code interface for building deep-learning models, letting people create AI-powered apps that can recognize gestures, sounds and handwriting without writing code. Microsoft acquired it to make AI development accessible to non-experts.

Lower the barrier to AI development by giving non-engineers a visual way to build deep-learning models.

Deal Terms

Acquirer
Microsoft Corporation
Target
Lobe
Value
Not disclosed
Date
September 2018
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
San Francisco, California, United States
Segment
Microsoft AI
Announced
September 13, 2018

In Their Words

We're thrilled to have Lobe join Microsoft and are excited about our future together to simplify AI development for everyone.Kevin Scott, Executive Vice President and Chief Technology Officer, Microsoft

Advisors

Advisory firms were not disclosed for this transaction.

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Sources: Press release ↗

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