The startup, Memo.AI announced that it is shutting down service, while Coinbase opted to acqui-hires its technical team management tool.

The startup was trying to develop an innovative note-taking tool to help technical teams with their knowledge management activities. The idea was rather simple: technical teams, knowledge workers are technically literate and use lots of software to get their job done in a fast-paced ever-changing world. The software is designed to use machine intelligence to optimize user workflows.

In a blog titled “It Didn’t Work!” co-founder of Memo.AI, Mircea Pașoi posted

According to Techcrunch, “For Coinbase, the acquisition comes at a time where the team is rapidly scaling its engineering efforts to account for the sudden boom in cryptocurrency investments. The acquihire of the Memo.AI team brings on much-needed additional engineers and ones that have experience with creating pipelines to help technical teams run.”