Facebook Acquires Face Recognition Technology Company “Face.com”

After Instagram ,Face.com another famous acquisition by social networking giant Facebook(901m+ Users) .

It is said that the startup helps computers to recognize human faces from there photos .

It is disclosed that the social networking giant has acquired the Face.com for 100 million dollars .

Face.com is a technology platform with best-in-class facial recognition software.
Gil Hirsch as Founder & CEO, Yaniv Taigman as Founder & CTO.Eden Shochat as Founder, Chairman.Moti Shniberg as Founder.

Face.com’s CEO Gil Hirsch announced the acquisition in a blog post that heavily hinted the company’s talents would be put to work for
Facebook on smartphones, and cameras which are commonly used to snap pictures and post them to the social network.

“Like our friends at Facebook, we think that mobile is a critical part of people’s lives as they both create and
consume content, and share content with their social graph,” Gil said in the blog post.

“By working with Facebook directly, and joining their team, we’ll have more opportunities to build a
mazing products that will be employed by consumers.”

Facebook has made a priority of staying connected with its members who are increasingly using smartphones
or tablets to interact with the service, but has yet to show how it plans to make money from the lifestyle shift.

In recent months, Facebook spent a billion dollars on the startup behind photo-sharing application
Instagram and an undisclosed amount of money on “social discovery” startup Glancee.

Glancee founders behind the smartphone application for finding like-minded people nearby joined the Facebook
team in what was seen as a talent grab by the Menlo Park, California-based social network.

by Harshal Carpenter.

 

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