The company’s founder and CEO, Ophir Tanz, will step down as CEO to lead the new dental business. Mr. Tanz will remain close to GumGum as a strategic adviser. GumGum COO Phil Schraeder will assume the CEO position, according to the release.
The move will allow GumGum to focus on advancements in computer vision and natural language processing technologies.
GumGum will hold an ownership stake in the independent dental entity.
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