"Acquiring Summly seems to have been an almost incidental side effect of a deal Yahoo made with SRI for a piece of "summarization technology."Why Marissa Mayer Bought A $30M Startup - Business Insider
A source tells us that Yahoo has "agreements in place" with SRI for "knowledge transfer," and the acquisition of IP, code, and technology.
Until Yahoo bought it, SRI International held equity in Summly.
SRI once held equity in another startup that was acquired by a big Silicon Valley company.
That was Siri, which was funded by SRI International's venture arm, and was later acquired by Apple.
And indeed, inside Yahoo, Summly is called "Yahoo's Siri.""
Wednesday, April 10, 2013
Why Marissa Mayer Bought A $30M Startup - Business Insider
Summarizing Yahoo's interest in
Summly SRI International technologies
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