Mequon-based startup Intelligent Digital Avatars Inc. today acquired CodeBaby Corp., a Colorado virtual assistant developer, in a stock transaction, and the companies have raised $2 million in operating capital.
CodeBaby’s investors raised $700,000, while iDAvatars was working to raise a $1.3 million fund to help finance the deal, according to a May SEC filing.
iDAvatars develops the avatars for use in the health care space. The avatars, which are built on IBM’s Watson framework, use advanced technology such as natural language processing and can demonstrate human behaviors such as empathy. Read the full story here.