Capital One Acquires Va. Machine Learning Firm

Financial giant Capital One said Friday that it acquired a Richmond, Va.–based data consulting company.

Terms of the deal were not disclosed. The 16 employees of Notch will join Capital One’s Center for Machine Learning, according to the companies. Tysons Corner, Va.–based Capital One created the in-house consultancy in 2016 to focus on developing products across the corporation. The former Notch team will continue to be based in Capital One offices in Richmond.

Notch cofounder Paul Hurlocker posted about the deal on Medium, saying his company started working with the in-house consultancy where he is now employed about a year ago.

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.