Snapchat acquires Israeli startup Cimagine
Photo messaging app Snapchat has acquired an Israeli artificial intelligence startup named  Cimagine for a reported $30-$40 million. Cimagine, which counts global giant Coca Cola among its clients, lets consumers instantly visualise products they want to buy in their intended location. Snapchat is reportedly aiming for an IPO in March 2017, that could value the company between $20-$25 billion.