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Elastic Acquires Endgame For $234 Million

Elastic -- a publicly traded company that builds custom search solutions for enterprises -- has announced it's acquiring cyber-security startup Endgame in an all-stock deal worth $234 million. The acquisition is subject to customary adjustments. Endgame has raised $111 million in total funding according to Crunchbase data. The $234 million acquisition price is a near 50% discount to a previous $465 million valuation (Pitchbook data).

Endgame's backers include Kleiner Perkins, Bessemer Venture Partners, Columbia Capital, Edgemore Capital, Savano Capital Partners and Paladin Capital Group. The Arlington, Virgina-based security startup's customers include the U.S. military and some Fortune 500 companies.


Elastic says the addition of Endgame will further advance its ability to offer a comprehensive security solution that's integrated with its own security information and event management (SIEM) products. "....By joining forces with Elastic, we will be able to take ou…

Microsoft's 2017 Hackathon Grand Prize Winner powers its live streaming app's HypeZone feature

image : Microsoft

HypeZone, The feature released last year which rapidly gained millions of users for Microsoft's livestreaming community Mixer initially came from a Microsoft garage project as revealed in a new post from the tech giant.

The new piece detailing the feature sets its sights on the project which traces its origins to the winner of its 2017 Hackathon competition, Watch For, an app created to monitor live video streams on behalf of users while delivering notifications for specified events.

With such a seemingly simple idea powered using AI, Many different applications to it count as a good benefit to Microsoft's product system with the company stating of it as making "tremendous strides in both personal growth and Microsoft business growth."

image : Microsoft





The team (pictured above) which kicked off the project previously worked on video analytics for enterprise scenarios in day jobs as part of Microsoft Research. They previously worked on a notable project which involved a partnership with a city to monitor and analyze traffic cameras for a better grasp of how pedestrians, bikes, and vehicles crossed intersections.

With the team now working as an incubation startup within Microsoft Research, The service is now being pivoted to other applications using the power of Artificial Intelligence counting the HypeZone feature as one notable implementation.

image : Microsoft
“What attracted me to this hackathon project was the chance to apply AI in large scale and at low-cost to the consumer setting. Our project really pushes the envelope on how efficient the AI systems would need to be, and it’s also meaningful in that my kids and mother can understand it and use it.” Matthai who was part of this project explained.

Mixer was acquired by Microsoft 2 years ago as part of the company's expansion strategy into other consumer areas. The Mixer team group reached out the Watch For team weeks after its Hackathon
win seeing an opportunity to accelerate its vision in the computer vision space.

Excited to partner with the team and other groups working on this area within Microsoft, It set its sights on executing on how best to surface the most interesting part of streams to bigger audiences. With thousands of simultaneous streams at any given time and a couple hundred only being viewed by most people, "How do the rest of the streamers get any visibility and how do you avoid wasting those assets? How do Mixer fans discover those hidden gems?" was the question.

The Mixer Team

image : Microsoft





 “The game streaming ecosystem has lots of undiscovered content, people wanting to be discovered, and viewers wanting to discover more compelling moments.”

Lenin, Matthai, and Peter who launched the Watch For project began working closely with the Mixer team last September with an ambitious goal of launching new channels geared with content discovered by AI models trained to “Watch For” specific events being formed.

HypeZone was born from this with channels using Watch For algorithms used to highlight final and nail-biting rounds of last-person standing games such as PUBG which viewers loved made available.

image : Microsoft

“Matt already had the idea of HypeZone itself, to switch from stream to stream within a channel – but the experience of HypeZone evolved very quickly during our collaboration.” Lenin recalled.

 “We met with Matt and Chad early September. Two weeks later we had a prototype that we showed them. Then we kept improving its accuracy. By mid-October we had another prototype that they could use to run their HypeZone experience. We tested it for another 3 weeks. Then, 2 days before release, PUBG changed their UI. 1 day before release, we had to completely change all our models.”

The HypeZone experience came as a very desirable feature for users with a secret sauce enticing a lot which began making extensive use of the service. The service became very popular with the Mixer team getting it to scale at low-cost which was a big accomplishment.

With a combination of Matthai’s AI expertise and Lenin and Peter’s end-to-end distributive systems knowledge, deep and efficient analysis and understanding of each stream’s content in real-time was catered for leading to a unique experience for users.

image : Microsoft

“This is one of the advantages of being in a company like Microsoft. The Garage and Hackathon gave us visibility, but there was a product group (Mixer) out there looking around who had a great understanding of their customers, and that Watch For might light up their market.” Matthai recalled how it all came together. “There was an element of luck that battle royale type games came into vogue around the same time. It’s a combination of all of these things that made this partnership work so well.”

“It’s one thing to have cool demos and enthusiasm from senior leadership, but it’s another thing to see our customers enjoying, laughing and crying , wanting to see more. That’s what really lit a fire under the whole project, that connection.”


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