Foley & Lardner LLP represented Wasabi Technologies, the hot cloud storage company, in its acquisition of Curio AI from GrayMeta, Inc. The acquisition includes both the intellectual property and the visionary team behind Curio, including GrayMeta CEO Aaron Edell, who will join Wasabi as Senior Vice President of AI and Machine Learning. Wasabi will incorporate the Curio AI technology into a new class of AI-powered intelligent storage for the Media and Entertainment industry, which it plans to release in Spring 2024.
Curio AI is an intelligent data platform that uses AI to generate rich metadata for media libraries and enables 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 speech in over 50 spoken languages. Customers benefit from more personalized experiences with hyper-specific detail, allowing organizations to deliver relevant content to the market as fast as possible. Wasabi’s Curio AI-powered storage will provide customers like Liverpool Football Club with the metadata they need to manage troves of digital assets with lightning-fast speed.
Wasabi provides simple and affordable hot cloud storage for businesses worldwide. It enables organizations to store and instantly access an unlimited amount of data with no complex tiers, egress, or API fees while delivering predictable costs that save money and industry-leading security and performance businesses can count on.
The Foley deal team was led by partner Susan Pravda and senior counsel Alexander Miska and included partners Chanley Howell, Shabbi Khan, and Katherine Califa.
