Bob Swan, CEO, Intel. Photo credit: Stuart Isett for Fortune Magazine, licensed under Creative Commons

Chip giant Intel has announced that it’s acquiring SigOpt, a San Francisco-based artificial intelligence startup whose platform is used to test and optimize AI software models. Intel plans to integrate SigOpt’s software into its AI hardware products following completion of the acquisition, as noted in a press statement. Financial terms of the acquisition weren’t disclosed.

SigOpt was founded in 2014 by the duo of Scott Clark, who built up the framework for the company while working at Yelp, and Patrick Hayes, a software engineer who had previous stints at BlackBerry, Bloomberg, Facebook, and Foursquare. Clark began working on what would become SigOpt’s product after completing a Ph.D. at Cornell University and holding a job at Yelp.

SigOpt raised a total of $8.7 million in known outside funding. The company’s backers include major names like Y Combinator, Andreessen Horowitz, DCVC, SV Angel, and Stanford University.

Following the close of the acquisition, SigOpt’s current team including founders Clark and Hayes will join Intel’s Machine Learning Performance team. 

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