The story
Maluuba was founded by four undergraduate students from the University of Waterloo, Zhiyuan Wu, Joshua Pantony, Sam Pasupalak and Kaheer Suleman. Their initial proof of concept was a program that allowed users to search for flights using their voice.
In February 2012, the company secured $2 million (~$2.69 million in 2024) in seed funding from Samsung Ventures.
Since 2013, Maluuba has partnered with several companies in the smart phone, smart TV, automotive and IoT space.
In August 2015 Maluuba secured a $9 million (~$11.6 million in 2024) of Series A investment from Nautilus Ventures and Emerllion Capital. Then in December 2015, Maluuba opened an R&D lab in Montreal, Quebec.
By 2016 the company employed more than fifty people, and had published fifteen peer-reviewed research papers focused on language understanding.
On January 13, 2017, Maluuba announced they had been acquired by Microsoft for $140M (~$176 million in 2024). In July 2017, according to the reports, Maluuba closed its Kitchener-Waterloo office and moved employees to its Montreal office.
From Wikipedia’s article on Maluuba, shared under CC BY-SA 4.0.4
