Oxford, United Kingdom: July 18, 2024 – Oxford Science Enterprises (OSE), the independent investment company created to found, fund and build transformational businesses via its unique partnership with the University of Oxford, today announces its Deep Tech portfolio company, Oxford Semantic Technologies, has signed an agreement to be acquired by Samsung Electronics Co., Ltd.
Oxford Semantic Technologies is the developer of RDFox®, the world's most advanced knowledge graph software with semantic reasoning, supporting AI applications where accuracy is mission critical.
Samsung plans to apply the technology across a wide range of products, including mobile devices, televisions and home appliances. RDFox® combines with Samsung’s on-device AI technology to create hyper-personalised user experiences, while ensuring full privacy and security of data on the device.
OSE was one of Oxford Semantic Technologies' first investors in March 2017. Founded by three Oxford University professors from the Computer Science Department — Ian Horrocks, Boris Motik and Bernardo Cuenca Grau — the company specialises in knowledge graph and reasoning technology, turning large, complex, multi-source data into a unified, high-performance queryable database where new knowledge and insights can be automatically materialised, based on subject matter expertise.
It transforms an organisation’s data into machine-readable knowledge and then dynamically adds new knowledge, unlike other graph technologies on the market.
Prior to the acquisition, Oxford Semantic Technologies had been collaborating with Samsung Research since 2018 on various projects.
Oxford Semantic Technologies' success demonstrates the potential within Oxford University to turn world-leading academic research into successful science and technology companies. Oxford Semantic Technologies follows on from other successes, such as Deep Tech company Latent Logic and biotech firms MiroBio and DJS Antibodies as companies that have been acquired from the OSE portfolio.
Sam Harman, Principal and Acting Head of Deep Tech at OSE said: “This is great news for Oxford Semantic Technologies and Samsung. The company’s groundbreaking technology can play a big role in the advancement of AI across the suite of Samsung’s products. We’re proud to have worked with Oxford Semantic Technologies since the very beginning, helping them to turn their brilliant research in an Oxford laboratory into technology that will be integrated into products that will be used in homes around the world.”
Peter Crocker, CEO of Oxford Semantic Technologies said: “We are delighted to be working with Samsung. By integrating Samsung’s expertise in user experience and data with our advanced knowledge graph and reasoning technology, we will provide Samsung’s customers with even more sophisticated personalisation. We are grateful for our partnership with Oxford Science Enterprises. In addition to their important financial investment, they have been a critical source of knowledge and support in turning our academic research into a commercial product.”
We’re proud to have worked with Oxford Semantic Technologies since the very beginning, helping them to turn their brilliant research in an Oxford laboratory into technology that will be integrated into products that will be used in homes around the world.
Sam Harman, Principal and Acting Head of Deep Tech at OSE said: “This is great news for Oxford Semantic Technologies and Samsung. The company’s groundbreaking technology can play a big role in the advancement of AI across the suite of Samsung’s products. We’re proud to have worked with Oxford Semantic Technologies since the very beginning, helping them to turn their brilliant research in an Oxford laboratory into technology that will be integrated into products that will be used in homes around the world.”
By integrating Samsung’s expertise in user experience and data with our advanced knowledge graph and reasoning technology, we will provide Samsung’s customers with even more sophisticated personalisation.
Peter Crocker, CEO of Oxford Semantic Technologies said: “We are delighted to be working with Samsung. By integrating Samsung’s expertise in user experience and data with our advanced knowledge graph and reasoning technology, we will provide Samsung’s customers with even more sophisticated personalisation. We are grateful for our partnership with Oxford Science Enterprises. In addition to their important financial investment, they have been a critical source of knowledge and support in turning our academic research into a commercial product.”
ENDS
About Oxford Science Enterprises
Oxford Science Enterprises (OSE) is an independent, billion-pound investment company, created in 2015 to found, fund and build transformational businesses across three high-impact sectors - Life Sciences, Health Tech and Deep Tech.
Via its unique partnership with the University of Oxford, the world’s #1 research university, and with the backing of leading international blue-chip investors, OSE turns the most advanced science and technology innovations into companies tackling the world’s toughest challenges.
To date, OSE has invested £0.7 billion in over 80 ambitious companies built on Oxford science. A key player in Oxford’s innovation ecosystem, OSE has attracted over 300 co-investors that have brought in an additional £1.6 billion of funding for Oxford companies.
Learn more about OSE at www.oxfordscienceenterprises.com
About Oxford Semantic Technologies Ltd.
Oxford Semantic Technologies is a spin out of the University of Oxford by leading academics in the field of knowledge representation and reasoning. With its innovative software RDFox®, the company helps leading companies across many sectors to integrate diverse data sets and apply reasoning across them. Use cases include recommendation engines, product configurators, integration of maps for autonomous vehicles and anomaly detection in financial transactions. For more information, please visit www.oxfordsemantic.tech.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings