logo
logo

Sotheby’s acquires Thread Genius to build its image recognition and recommendation tech

avatar
Charlie Warren
img

Every company today is a tech company, a maxim that was proven out today when one of the world’s oldest and biggest art auction houses acquired an AI startup.

Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of similar objects to the viewer.

Thread Genius was a relatively young company, founded in 2015 and making a debut last year as part of TechStars New York’s Winter 2017 cohort.

Co-founders Andrew Shum and Ahmad Qamar, who were also Thread Genius’s only two employees, were both engineering alums from Spotify.

They are joining the auction house along with Richard Vibert, another data scientist it has hired.

The three will become part of a new unit that will be building a new AI-based recommendation engine for the company, working in part with IP Sotheby’s owns called the Mei Moses Art Indices, an art database of 50,000 images that it acquired in 2016.

collect
0
avatar
Charlie Warren
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.