IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC

IBM Monday said That he acquired Seek AiAn AI platform that allows users to ask questions about the company data using natural language, for an undisclosed sum.

Seek CEO and founder Sarah Nagy said that the startup technology will be a key element of Watsonx Ai Labs, the new ACA ACA in New York from IBM, which IBM has also announced today.

“”[W]Ellier La Plaurs, deploy critical solutions for IBM customers, empower the next generation of AI developers and develop our team considerably, “Nagy wrote in a Linkedin Post.

The acquisition of IBM from Seek comes while the first seeks to develop its investments in AI, in particular the AI ​​for the company. It is a strategy that has worked well for IBM so far. The gains of the technology giant Q1 Batter estimatesPulled by software growth and the high demand for AI.

Seek, based in NYC, that Nagy founded in 2021, offers a range of tools designed to help companies better take advantage of their data. The company’s software allows users to interact with data using a chatbot type interface, automatically translate natural language language questions and make a high -level analysis and summary of data.

Before its release, Seek AI managed to collect about $ 10 million from investors, including Battery Ventures, Conviction Partners and NJP Ventures. The startup will move its headquarters to One Madison, the location of Watsonx Ai Labs and new IBM Manhattan offices, once the agreement ends.

“”[W]Atsonx Ai Labs is the place where the best developers of AI have access to engineers and world class resources and create new companies and applications, “IBM GM of data and the Ritika Gunnar said in a press release.” By anchoring this mission in New York, we invest in a diverse country of talent. “”

In a press release, IBM said that Watsonx Ai Labs would bring together IBM researchers and engineers in a “collaborative center” to create AI solutions for companies. Watsonx Ai Labs will also seek collaborations with local colleges and research institutions.

Startups that successfully launch products at the accelerator will have access to IBM resources as well as to potential investments in the company’s company company, IBM Ventures, and its $ 500 million business fund.