Monday, 20 September 2010 18:24
Updated: Looks Like Apple Bought Polar Rose For $29 million
Polar Rose, a Malmö, Sweden startup which built a very interesting facial recognition programme which hooked into Facebook photos, has been bought by Apple, according to Swedish media.
The 15-person company was previously majority owned by Danish private equity fund Nordic Venture Partners, and it now appears Apple has taking over the entire shareholding. Neither Apple nor the company is commenting.
However, we have rock-solid sources that say the company went for $22 million $29 million. Polar Rose has had about $6 million in VC funding since 2006.
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0Authors: Mike Butcher
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