Wasabi Technologies, the hot cloud storage company, announces the acquisition of Curio AI from GrayMeta, Inc. The terms of the deal have not been disclosed. The acquisition includes both the intellectual property and the visionary team behind Curio, including Aaron Edell, CEO of GrayMeta, who will join Wasabi as Senior Vice President of AI and Machine Learning. Wasabi will incorporate Curio AI technology into a new class of AI-powered smart storage for the Media and Entertainment industry, which it plans to launch in the spring of 2024.
Curio AI creates a second-by-second video index stored on Wasabi. “A video file without detailed metadata is like a library without a card catalog,” said David Friend, CEO of Wasabi Technologies. “This is where AI comes in. AI can find faces, logos, objects, and even specific voices. Without it, finding exactly the segments you’re looking for requires tedious and time-consuming manual effort. The acquisition of Curio AI will allow us to revolutionize media storage.”
Video represents one of the biggest opportunities in the storage industry. Hundreds of exabytes of video files exist in aging tape systems and many more exabytes are generated each year from movies, TV, sports events, news, advertising, corporate communications, and countless hours of valuable raw footage and discards. Without searchable metadata, finding specific video segments becomes extremely slow and inefficient at any given time.
Curio AI is an intelligent data platform that uses AI to generate rich metadata for media libraries, allowing editors and producers to instantly search and retrieve specific media segments based on people, places, events, emotions, logos, landmarks, background audio, and more. Curio AI can also detect and transcribe speeches in over 50 spoken languages. Customers benefit from more personalized experiences with hyper-specific details, enabling organizations to deliver relevant content to the market as quickly as possible. Curio’s AI-powered storage on Wasabi will provide customers like the Liverpool Football Club with the metadata they need to manage treasures of digital assets at lightning speed.
“AI-powered storage will allow Wasabi customers to instantly find exactly what they need among millions of hours of footage and unlock the value in their files. We believe this will be the most significant advancement in the storage industry since the invention of object storage,” said Edell, the new Senior Vice President of AI and Machine Learning at Wasabi. “I look forward to working with Dave and the exceptional team he has built to write a new future for the media and entertainment industry.”
“Wasabi is on a trajectory that few in the industry can claim. The advantage of being a hyper-focused company is that we can lead the industry in terms of price, performance, reliability, and innovation. With the acquisition of Curio AI, we are now poised to introduce the industry’s first AI-powered smart cloud storage,” added Friend. “Just like Wasabi’s standard cloud storage, our Curio AI-powered storage will be simple, fast, reliable, and affordable. With the acquisition of Curio AI, our customers will not only be able to store data, but locate and instantly retrieve exactly what they want.”
via: [Wasabi](https://wasabi.com/press-releases/wasabi-acquires-curio-ai-from-graymeta/)