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article imageMicrosoft agrees to buy exited M12 AI startup Bonsai

By Lisa Cumming     Jun 21, 2018 in Business
Microsoft announced yesterday via a press release that they have signed an agreement to buy AI startup Bonsai in an effort to further artificial intelligence research.
Bonsai markets itself as a tool that makes it easier for developers to train autonomous systems to complete tasks by offering a simplified AI-building platform through the automation of complex machine learning algorithms.
"To realize this vision of making AI more accessible and valuable for all, we have to remove the barriers to development, empowering every developer, regardless of machine learning expertise, to be an AI developer," said Microsoft Corporate VP Gurdeep Pall in the release. "Bonsai has made tremendous progress here and Microsoft remains committed to furthering this work."
Bonsai is an exited portfolio company from M12, Microsoft's Venture Fund. Bonsai is M12's first exited venture.
This week Microsoft also acquired Flipgrid, a social learning tool where users engage in video discussions on a variety of topics.
More about Microsoft, Bonsai, Ai, Artificial, Intelligence