Ebay has acquired New York based startup Hunch for about $80 million, reports Uncrunched. The Hunch recommendation technology will be used by Ebay to revamp its own e-commerce recommendations.
Hunch co-founder Chris Dixon will take over Ebay’s existing 50-person recommendations team, and start a new office in New York that will eventually grow to about 200 employees who will focus on recommendations, analyze Ebay data, and possibly productize some of it or otherwise release it. For example, Ebay purchase and sale data may help predict inflation or a looming recession better and sooner than any government data.
Hunch was founded in 2008, and in mid-2010 there were whispers that Google was interested in the company, but nothing suggests it was bidding against Ebay this time around.
Read more at Uncrunched.