London based Imagen, which claims to have world’s smartest video management platform, operates digital content libraries for sports, media and business companies including Premier League soccer and Major League Baseball. Imagen uses AI-powered workflows to automatically improve searchability and utility of media assets. Its video management platform is integrated with AI Services from Google and Microsoft.
Imagen also owns Screenocean, a platform that provides production companies and others the ability to license video and photo content from around the world.
Post acquisition, Imagen will be operated as part of the Reuters News division of Thomson Reuters. Reuters is the leading global provider of business, financial and world news, reaching billions of people worldwide every day.
Established in 1996 by Anthony Blake and Paul McConkey, Imagen became available as a SaaS platform for the first time in 2013. Later in January 2019 Imagen completed a £6.5 million Series B funding round which was led by Downing Ventures. The round also included capital from Guinness Asset Management Ltd and existing investor.
Imagen is the the second acquisition announced by Thomson Reuters in this week. Earlier on Monday, the company announced acquisition of AI powered legal-tech company, Casetext, in a $650 million all-cash deal. Casetext is a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.
Notably, Thomson Reuters has planned to spend $10 billion for acquisitions and about $100 million per year in AI investments, with its recently announced corporate venture capital fund — Thomson Reuters Ventures, through thid the firm aims to leverage its expertise and support the broader ecosystem by investing in early-stage companies operating in these sectors.nvestments in AI capabilities.
Imagen is the the second acquisition announced by Thomson Reuters in this week. Earlier on Monday, the company announced acquisition of AI powered legal-tech company, Casetext, in a $650 million all-cash deal. Casetext is a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.
Notably, Thomson Reuters has planned to spend $10 billion for acquisitions and about $100 million per year in AI investments, with its recently announced corporate venture capital fund — Thomson Reuters Ventures, through thid the firm aims to leverage its expertise and support the broader ecosystem by investing in early-stage companies operating in these sectors.nvestments in AI capabilities.
Advertisements