Venture-backed Slyce acquires York's computer vision technology

Slyce has acquired computer vision technology developed at York University that quickly analyzes and aggregates similar images. The terms of the deal were not published. The Calgary-based company said it will integrate the intellectual property into Slyce’s visual search platform. The acquisition follows Slyce's buy last December of Toronto-based Hovr.it. Focused on providing visual search technology for retailers, brands and publishers, Slyce in 2013 secured $3.75 million in funding from Canadian venture capital firm Podium Ventures, Alpha North and angel investors. It also raised $2.2 million in convertible debenture financing.

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