A publicly-traded data analytics company in Jacksonville, Fla., saw value in a Philly startup called HeavyWater — makers of an artificial intelligence platform aimed at mortgage processing.
Mortgage services firm Black Knight announced Monday it acquired University City’s HeavyWater, which has a team of 14 based out of the Innovation Center @3401.
“AI, machine learning and neural network solutions are the future of delivering enhanced efficiencies and capabilities to our clients,” Black Knight CEO Anthony Jabbour said in an email. “We are very excited about the potential HeavyWater has to offer.”
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