AI Platform Cohere Buys Analysis Software Firm Ottogrid

Cohere, a Toronto, Canada-based AI knowledge agent and workflow streamlining platform, has acquired market research tools company Ottogrid, based in Vancouver, for an undisclosed sum.

Ottogrid was launched only in 2023 as Cognosys by Omar Sully and Homam Malkawi, and rebranded in October last year: it now provides a 'native table interface' capable of extracting data from a web site and using AI to analyse it and/or import it to other packages including spreadsheets. Following the buy, this software will now be integrated into Cohere's North platform, a recently-launched ChatGPT-style tool which helps knowledge workers with analysis and summarization, among other tasks. Ottogrid had raised some $2m in venture capital, with Cohere co-founders Ivan Zhang and Aidan Gomez among them.

Ottogrid's Omar said in a post on X that the company would give existing customers 'ample notice' and 'a reasonable transition period' before shuttering its independent offer.

Quoted on www.techcrunch.com , Cohere CEO Aidan Gomez (pictured) enthused: 'I'm super excited to bring the Ottogrid team aboard and incorporate Ottogrid's product directly into North. We're bringing enterprises a new way to tackle research with smart tables, helping make employees' day-to-day work more enjoyable and productive.' Omar said in a statement: 'We're very excited to join the Cohere team and integrate Ottogrid into Cohere's platform. Through our work with Cohere, we're [going to] dramatically impact how people can automate their workflows, enrich their data, and scale their operations.'

Web sites: www.cohere.com and www.ottogrid.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.