Friday, 1 December 2017

Alibaba is buying Israeli startup Visualead’s tech to establish a Tel Aviv R&D center

Alibaba announced a massive $15 billion research ‘DAMO Academy’ project focused on R&D last month, and it is laying the groundwork for an office in Tel Aviv through a deal to acquire technology and talent from Israeli startup Visualead. Visualead developed a new kind of ‘dot-less’ QR code that Alibaba had used for its business in China. The company was founded in 2013 and it landed investment…

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