Israel's Face.com Purchased by Facebook for $100 Million
Facial recognition technology company purchase by social media giant
Facebook Inc. announced on Monday that it will be purchasing Israeli facial-recognition technology company Face.com.
Last month’s reports had the sale estimated at tens of millions, but it is now estimated that the transaction will be around $100 million.
Face.com launched in 2009 and has raised nearly $5 million from investors including Russian Web search site Yandex. It currently employees 11 persons which are all expected to join Facebook.
Face.com develops applications that help consumers identify and tag themselves and their friends in photos on Facebook. Their technology has been integrated into Facebook’s service.
Facebook has been looking for any and all technologies involved in the photo sharing and tagging sector to help bolster their photo sharing dominance. Recently, Facebook famously purchased Instagram, a very popular photo-sharing mobile service for $1 billion. U.S. antitrust regulators are currently undertaking an extended review of the Instagram deal, which Facebook expects will be close by the end of the year.
“If You’re Looking for Brains, Stop in Israel…” Says American Investor
Could Waze become the next Instagram?
Two-day strike ends after ministry increases security funding
EL AL CEO: “Agreement will weaken ability of Israeli airlines to compete equally and fairly…”
Aluminum air battery technology promises to end electric vehicle range anxiety
Six-year project to promote higher education among Arabs and improve job prospects
“If You’re Looking for Brains, Stop in Israel…” Says American Investor
Could Waze become the next Instagram?
Two-day strike ends after ministry increases security funding
EL AL CEO: “Agreement will weaken ability of Israeli airlines to compete equally and fairly…”
Aluminum air battery technology promises to end electric vehicle range anxiety
Six-year project to promote higher education among Arabs and improve job prospects
The 19 year old sophomore sat on the exam table looking at the floor. A college student with obvious charm
In 1971, researchers set up a prison in the basement of Stanford University's Psychology Department. The idea was to
As I have tried to make abundantly clear the United States is the only country in the industrialized world that
Alright, that does it.Since the terrorist attacks of September 11, 2001, Americans have been willing to do their part for
A study appeared in a journal titled “Obesity” which was reported by a group from the University of Colorado. In
Sixty-five years ago today, World War II officially came to an end. On September 2, 1945, Japanese Foreign Minister
Share This Story With Your Friends!
Friend's Name:
Friend's E-Mail:
(This information will not be displayed publicly)
Optional Message:
