After many rumors and reports, news summarization app Wavii has officially been acquired by Google and the app has been shut down.
The Wavii team in Seattle will move to Google’s headquarters in Mountain View, Calif. to work on “natural language research.” Wavii used semantic analysis to break down news into data to give users better customized feeds, so the move makes sense.
Wavii CEO Adrian Aoun writes in a statement on its homepage:
You probably know us best for our app that takes the deluge of information streaming across the web and condenses it into fast, fun updates. While we won’t continue to offer this particular service, we’ll be using our natural language research at Google in ways that may be useful to millions of people around the world.
To all of our loyal Wavii users, we owe you a big thanks for all of your feedback and involvement throughout this journey. We look forward to taking our technology to the next level and delighting you with what we come up with next!
Before being acquired, Wavii had raised $2 million in funding from investors including Max Levchin, Dave Morin, SV Angel, Felicis Ventures, Mitch Kapor, Fritz Lanman, Max Ventilla, Shawn Fanning, Rick Marini, and CrunchFund.
Earlier reports say Google paid more than $30 million for Wavii.
Photo via Wavii