Ai Startup Cohere purchased OttogridThe Vancouver platform, which develops corporate tools for automation of some kinds of market research at a high level.
Sully Omar, one of the founders of Ottogrid, announced a contract on Friday in Post on X. He didn’t reveal the conditions.
Ottogrid is organising for the sunset, in line with Omar, but he’ll give clients “sufficient attention” and “reasonable transitional period”.
“We are very excited about joining the Cohere team and integrating Ottogrid with the Cohere platform …” – said Omar in a statement. “Thanks to our work with Cohere, we are [going to] They dramatically affect how people can automate their work flows, enrich their data and scale their activities. “
Cohere didn’t answer immediately at the request for comment.
The purchase of Ottogrid Cohere appears when the first experiences some corporate turbulence. According to the informationCohere was not included in the forecasts of revenues that the company prepared at the starting of 2023, without losing its goal by 85%last yr.
Business said Reuters On Thursday, that his annual revenues recently achieved $ 100 million, after a strategic change, focusing on private AI implementation for clients in sectors reminiscent of healthcare, government and finance.
Ottogrid took off in 2023 as Cognosys, led by Omar and Homama Malkavia. It modified in October 2024 with a large redesign of the platform, which introduced a number of recent integrations, API tools and interfaces.
Today, Ottogrid offers a “native table interface” with the possibilities of analyzing documents powered by artificial intelligence. Customers can use it to separate data from the website and save them directly in a spreadsheet, for example or robotically enriching the sales lists.
Ottogrid managed to boost $ 2 million investors’ capital from investors, including GV (Google Ventures), unused capital, general director of Amjad Masad, CEO Vercel Guillermo Rauch, co -founders Cohere Ivan Zhang and Aidan Gomez, and others before leaving, According to Crunchbase.
As a part of Cohere Omar claims that Ottogrid will focus primarily in the north, a recently launched chatgpt application, designed to support knowledge employees in tasks reminiscent of summary of documents.
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