IBM Buys Seek AI, Launches NYC AI Accelerator
▼ Summary
– IBM acquired Seek AI, an AI platform that enables natural language queries for enterprise data, for an undisclosed sum.
– Seek AI’s technology will integrate into IBM’s newly announced Watsonx AI Labs in NYC, focusing on scaling AI solutions for clients.
– Seek AI, founded in 2021, offers tools for businesses to analyze data via a chatbot-like interface, translating queries into database actions.
– IBM’s acquisition aligns with its strategy to expand enterprise AI investments, following strong Q1 earnings driven by software and AI demand.
– Watsonx AI Labs will collaborate with researchers, universities, and startups, offering resources and potential investment from IBM’s $500M AI fund.
IBM has acquired Seek AI, a cutting-edge startup specializing in natural language data querying, as part of its broader push into enterprise artificial intelligence. The financial terms of the deal remain undisclosed, but the move signals IBM’s commitment to expanding its AI capabilities and strengthening its position in the competitive tech landscape.
Seek AI, founded in 2021 by Sarah Nagy, developed a platform that enables businesses to interact with their data through conversational interfaces. The technology automatically converts natural language questions into database queries, streamlining data analysis and reporting. Following the acquisition, Seek’s team and technology will integrate into IBM’s Watsonx AI Labs, a newly launched accelerator based in New York City.
Nagy emphasized the potential for growth, stating that the acquisition will allow Seek to scale its platform, deliver mission-critical solutions for IBM clients, and expand its workforce. The startup had previously raised $10 million from investors, including Battery Ventures and Conviction Partners, before joining IBM’s ecosystem.
IBM’s latest earnings report highlighted strong demand for AI-driven solutions, reinforcing the company’s strategic focus on this sector. The Watsonx AI Labs initiative aims to foster innovation by connecting IBM researchers, engineers, and external partners in a collaborative environment. The accelerator will also work with academic institutions and startups, offering access to IBM’s resources and potential funding through its $500 million enterprise AI fund.
Ritika Gunnar, IBM’s General Manager of Data and AI, described the New York City location as an ideal hub for attracting top-tier talent and driving AI advancements. The city’s diverse tech community and strong academic presence make it a natural fit for IBM’s expansion efforts.
With this acquisition, IBM continues to position itself as a leader in enterprise AI solutions, leveraging Seek’s technology to enhance its Watsonx platform and deliver smarter, more accessible data tools for businesses worldwide.
(Source: TechCrunch)
