Cisco acquires AI startup MindMeld for $125 million

MindMeld helps businesses to build conversational interfaces with cloud-based services

Today Cisco announced that it is buying MindMeld for $125 million. The company was founded in 2011, MindMeld helps businesses to build conversational interfaces with cloud-based services.

MindMeld was launched at TechCrunch Disrupt SF 2012. At that time  the startup wanted to build an iPad app that would listen in on people’s conversations and provide relevant information based on those conversations.

MindMeld previously raised $15.4 million in venture capital from IDG Ventures, GV, Greylock Partners, Bessemer Venture Partners and Intel Capital.

“MindMeld lets someone deploy an AI-powered conversational interface from start to finish,” Alexander Rosen, a partner at IDG Ventures told me in an interview. “Not many people outside of Amazon and Google have that.”

Cisco has been on an acquisition spree lately, purchasing AppDynamics earlier this year for an astounding $3.7 billion. The company has been working to define itself as a software company.

 

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