{"id":631166,"date":"2018-03-12T04:06:06","date_gmt":"2018-03-12T04:06:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/"},"modified":"2018-03-12T04:06:06","modified_gmt":"2018-03-12T04:06:06","slug":"samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/","title":{"rendered":"Samsung Next acquires 100% stake in Egyptian AI startup Kngine"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>M&A WATCH- Samsung Electronics affiliate Samsung Next has acquired 100% of Egyptian artificial intelligence startup <\/strong><a href=\"http:\/\/www.kngine.com\/\"><strong>Kngine<\/strong><\/a> to improve its virtual assistant Bixby, an unnamed Samsung official tells <a href=\"http:\/\/www.theinvestor.co.kr\/view.php?ud=20180306000697&ACE_MAIN=2\">The Investor<\/a>. The transaction, the value of which hasn\u2019t been disclosed, took place in October but the news had not yet been released. Samsung Next had apparently invested in Kngine in 2014 and took its stake to 100% last year. Kngine was co-founded in 2008 by brothers Haytham and Ashraf El Fadeel and had landed a USD 775k investment from Sawari Ventures. The startup struggled to raise further investment here and ultimately moved to the US to seek capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Samsung Electronics affiliate Samsung Next has acquired 100% of Egyptian artificial intelligence startup Kngine to improve its virtual assistant Bixby, an unnamed Samsung official tells The Investor. The transaction, the value of which hasn\u2019t been disclosed, took place in October but the news had not yet been released. Samsung Next had apparently invested [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631166","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"98bb9074-d3a0-4324-817e-f0b7c9590dc0","order":"0","is_powered_by":true,"section_story_id":"df7ba3a3-0d92-4117-86c6-7f304d9798cf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631152],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Samsung Next acquires 100% stake in Egyptian AI startup Kngine - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung Next acquires 100% stake in Egyptian AI startup Kngine\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Samsung Electronics affiliate Samsung Next has acquired 100% of Egyptian artificial intelligence startup Kngine to improve its virtual assistant Bixby, an unnamed Samsung official tells The Investor. The transaction, the value of which hasn\u2019t been disclosed, took place in October but the news had not yet been released. Samsung Next had apparently invested [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-12T04:06:06+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Samsung Next acquires 100% stake in Egyptian AI startup Kngine\",\"datePublished\":\"2018-03-12T04:06:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samsung-next-acquires-100-stake-in-egyptian-ai-startup-kngine\/\",\"name\":\"Samsung Next acquires 100% stake in Egyptian AI startup Kngine - 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