Over the past year, the New York based startup [Madbits] has been developing visual intelligence technology that automatically understands, organizes and extracts relevant information from raw media even when there are no tags associated with the files, it said on its site. Image search is its main interest and Madbits aims to create intelligent, dynamic image sets to automatically organize large databases of images, according to the company’s LinkedIn profile.
Pinterest has announced the acquisition of Icebergs, a service for organizing visual content in the cloud. As part of the deal, Icebergs will shut down on September 1, 2014.
Existing users of Icebergs can export their data to Dropbox or as a .json file ahead of the shutdown.