AI startup Cohere acquires Ottogrid, a platform for conducting market research
AI Startup Cochere has obtained OttogridA platform based on Vancouver that develops industrial tools for automating certain types of high -level market research.
Sully Omar, one of the founders of Ottogrid, announced the deal on Friday in a Post on X. He did not disclose the conditions.
According to Omar, Ottogrid will give his product suns, but will give customers “sufficient notification” and “a reasonable transition period”.
“We are very enthusiastic to become a member of the Colhere team and integrate Ottogrid into the Colhere platform,” Omar said in a statement. “We are through our work with Cochere [going to] Dramatic influence on how people can automate their workflows, enrich their data and scale their activities. “
Cohere did not immediately respond to a request for comment.
The purchase of Ottogrid van Colhere comes when the first experiences a little turbulence of companies. According to the informationCohere was a good shortage of income projections that the company had drawn up at the beginning of 2023 and missed his target for last year with 85%.
The company Reuters told On Thursday, the income from annual basis recently achieved $ 100 million, after a strategic shift with a focus on private AI implementations for customers in sectors such as healthcare, government and finance.
Ottogrid was launched in 2023 as Cognosys, led by Omar and Homam Malkawi. It was renamed a large platform in October 2024 that introduced a number of new integrations, tools and APIs.
Nowadays Ottogrid offers a “native table interface” with AI-driven document analysis options. Customers can use it to extract data from a website and, for example, to save directly on a spreadsheet, or automatically enrich sales leaders.
Ottogrid succeeded in collecting $ 2 million in venture capital from investors, including GV (Google Ventures), untouched capital, CEO Amjad Masad Replit, Vercel CEO Guillermo Rauch, co-founders of Colhere Ivan Zhang and Aidan Gomez and others prior, According to crunchbase.
As part of Colhere, Omar says that Ottogrid will focus primarily on North, the recently launched Chatgpt style application from Cohere, designed to help knowledge workers with tasks such as the summons of documents.
Updated 2:03 pm Pacific: In a statement, COO CEO Aidan GomeZ said: “I am super enthusiastic to bring the Ottogrid team on board and to record the Ottogrid product directly in the north. We bring companies a new way to tackle research with smart tables, making the daily work of employees more enjoyable and productive.”
