Ai Startup Cohere has acquired OstentineA Vancouver -based platform, which develops business tools to automate certain high -level market research research.
Sully Omar, one of the founders of Ottogrid, announced the deal on Friday in a Post in x. Did not reveal the terms.
Ottogrid will sunshine its product, according to Omar, but will give customers “plenty of notice” and “a logical transition period”.
“We are very excited to be involved in the Cohere team and incorporate Ottogrid into the Cohere platform …” Omar said in a statement. “Through our work with Cohere, we are [going to] They dramatically influence the way people can automate their work flows, enrich their data and scale their functions. ”
Cohere did not immediately respond to a request for comments.
Cohere’s Ottogrid market comes as the former is experiencing a small corporate turmoil. According to informationCohere fell much lower than the revenue forecasts that the company prepared in early 2023, lacking its target for 85%last year.
The company said to Reuters On Thursday that its annual revenue recently reached $ 100 million, after a strategic shift, focusing on AI’s private applications for customers in areas such as health care, government and funding.
Ottogrid started in 2023 as Cognosys, led by Omar and Homam Malkawi. It was redefined in October 2024 with a significant redesign of the platform that introduced a series of new integration, tools and APIs.
Today, Ottogrid offers an “intrinsic table interface” with the possibilities of analyzing documents powered by AI. Customers can use it to extract data from a website and store it directly on a computer sheet, for example, or automatically enrich sales lists.
Ottogrid has managed to raise $ 2 million in business capital from investors such as GV (Google Ventures), Undapped Capital, Replit Amjad Masad CEO, CEO of Vercel Guillermo Rauch, co -founders Ivan Zhang and Aidan Gomez and others before of his, According to Crunchbase.
In the context of Cohere, Omar says Ottogrid will mainly focus on North, Cohere, which recently launched the Chatgpt type application designed to help knowledge workers with tasks such as brief documents.
Updated 2:03 pm Pacific: In a statement, cohere CEO AIDAN GOMEz said: “I am very excited to bring the Ottogrid team on the ship and incorporates Ottogrid’s product directly to the north. We bring businesses a new way of dealing with smart tables, helping employees’ daily work more enjoyable and productive.”
