Snapchat has acquired Ukrainian startup AI Factory for $166 million,

Snapchat has acquired Ukrainian startup AI Factory for $166 million, reports AIN.UA. AI Factory was founded 18 months ago by Viktor Shaburov, whose previous startup, Looksery, also was acquired by Snap Inc. for $150 million in 2015. With offices in Kyiv, Zaporizhia and San Francisco, AI Factory employs 70 people. The company developed a new feature for Snap: editing a user’s photo to turn it into a video. The feature was launched Dec. 18. Days later, Snap bought out other shareholders in AI Factory.