Samsung has agreed to acquire Viv Labs, an AI startup founded by the inventors of Apple's Siri voice assistant. Viv has since developed an AI platform that gives third-party developers the power to use and build conversational assistants and integrate a natural language-based interface into applications and services. The company's founding team will work closely with Samsung’s mobile communications business but will continue to operate independently under its existing leadership.
Viv has raised a total of about $723 million in venture capital funding, including a $7.5 million round in October 2015 at a valuation of $165 million. Existing investors include Horizons Ventures and KG Investments.