Samsung Electronics scoops up nearly 500 patent assets from defunct US search startup 03 Nov 17
With a valuation of just over $600 million, Quixey was not quite a unicorn, but it is one of the biggest Silicon Valley startups to go out of business thus far in 2017. The Mountain View-based developer of mobile search platforms and digital assistants folded in May after raising $165 million in venture money, with Chinese giant Alibaba as its single biggest backer. But according to USPTO records, it is not Alibaba but Samsung Electronics that is poised to come away with most of the company’s patent assets after a series of assignments in October.
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