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Vonage buying assets from AI company owned by will.i.am

Vonage Holdings Corp. struck a deal to buy certain assets from Over.ai, an Israel-based voice-and-conversational artificial intelligence provider.

Financial terms of the deal were not disclosed.

Under the deal, the company is acquiring Over.ai's technical team and intellectual property from i.am+, an AI technology platform co-founded and co-owned by musician will.i.am, according to an Aug. 6 news release.

Vonage plans to incorporate the Over.ai technology, including its proprietary speech to text and natural language understanding algorithms, to accelerate the functionality of its flagship apps.

Over.ai's product and engineering team of 23 will join Vonage's research and development technology hub in Tel Aviv.