Cisco buying AI company for $125M

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Based in San Francisco, MindMeld has a unique AI platform enabling customers to build intelligent and human-like conversational interfaces for any application or device, says Cisco (NASDAQ:CSCO)

The MindMeld team and its ten patents will join Cisco's Cloud Collaboration group as the Cognitive Collaboration team.

The $125M cash deal is expected to close in Cisco's FQ4.