AI Squared is a US-based company, the company recently acquired a tech startup, Multiwoven. AI  Squared is a technology provider for integrating information into web-based applications, delivering data and AI insights into their business applications. Multiwoven is a Bengaluru-based startup that  offers an open-source reverse ETL platform that makes data segmentation, sync, and activation easy  and fully secure. 

AI Squared acquired Multiwoven to simplify the movement of data and AI insights into business  applications using Multiwoven’s technology. The funding round for Multiwoven was led by AI squared  with a total amount of $14 million. Other investors include ANSA Capital and NEA. Multiwoven has a  team of professionals who have worked with data at Affle, InMobi, and Truecaller. The Founder of AI  Squared, Benjamin Harvey is an experienced data science executive, who has worked at the National Security Agency and was an employee at Databricks. He mentioned that he knows the importance of startups in fueling innovations, and that’s the reason they invested such a huge amount in this  Bengaluru-based startup. 0 

Image source: Squared.ai  

Image source: Multiwoven.com 

Multiwoven joining AI Squared will also help them increase their leadership roles within this US-based company. By sealing this deal both companies will have a profit, increased technical skills, scale-up, and more innovative ideas. According to a report by TOI, the CEO and co-founder of Multiwoven, Sujoy  Golan mentioned that Multiwoven was created to solve various complexities around integrations and  data movements that the data teams tried to solve when trying to use their customer warehouse data  for their business tool. He also mentioned that they will be introducing advanced capabilities to  activate AI/ML data together with AL Squared. The Multiwoven team will bring new innovative ideas  around data integration and data activation to the forefront at AI Squared.  

AI Squared will be using Multiwoven’s rETL capabilities in its existing enterprise offering to help  organizations. This process will help AI Squared to help organizations gain more efficiently integrate data and AI insights into business applications. Reverse ETL is about taking organized data from a  storage place and putting it into tools businesses use regularly, like sales or marketing apps.

Conclusion: 

AI Squared is a technology provider for integrating information into web-based applications, delivering data and AI insights into their business applications. Multiwoven is a Bengaluru-based startup that  offers an open-source reverse ETL platform that makes data segmentation, sync, and activation easy  and fully secure. AI Squared recently acquired Multiwoven, a startup from Bengaluru. This acquisition  will help AI Squared integrate data and AI insights into their business apps more easily. The funding  was led by AI squared with a total amount of $14 million. Other investors like ANSA Capital and NEA also participated in the funding round. The CEO of Multiwoven mentioned that their goal is to simplify  data integration and introduce advanced AI capabilities with AI Squared. This partnership will bring  new ideas and skills to both companies, leading to more innovation and growth.