At startups Cohere has acquired Ottogrid, a vancouver -based platform that develops corporate tools to automate certain types of high -level market research.
Sully Omar, one of the founders of Ottogrid, announced the agreement on Friday in an X post. He did not reveal the terms.
Optogno will set its product, according to Omar, but will give customers “a large notice” and “a reasonable transition period”.
“We are very enthusiastic about joining the Chere Team and integrating Ottogrid into the Cohere platform …”, said Omar in a note. “Through our work with Chere, we are (let’s go to) to influence dramatically on how people can automate their workflows, enrich their data and resize their operations.”
Cohere did not immediately respond to a commentary request.
The purchase of Ottogrid from Chere comes when the previous ones experience a little company turbulence. According to information, Chere was not short of revenue projections that the company prepared at the beginning of 2023, losing the target of 85%last year.
The company told Reuters on Thursday that its annualized revenues have recently reached $ 100 million, following a strategic change with particular attention to private artificial intelligence sides for customers in sectors such as health care, government and finance.
Ottogrid was launched in 2023 as Cognosys, led by Omar and Homam Malkawi. He renamed in October 2024 with an important redesign of the platform which introduced a series of new additions, tools and bees.
Today Ottogrid offers an “interface of the native table” with the functionality of analysis of the documents powered by artificial intelligence. Customers can use them to extract data from a website and save them directly in a spreadsheet, for example or automatically enrich the sales lead lists.
Ottogrid managed to collect $ 2 million in risk capital by investors, including Jn (Google Ventures), an unspecified capital, the CEO of Reply Amjad Masad, the CEO of Vercel Guillermo Rauch, the co-founders of Chere Ivan Zhang and Aidan Gomez and others before his release, according to Crunchbase.
As part of Chere, Omar says that Ottogrid will mainly focus on North, the chatgpt style application recently launched by Chere designed to help knowledge workers with tasks such as synthesizing documents.
Updated at 14:03 Pacific: in a declaration, CEO of Chere Aidan Gomez he said: “I am super enthusiastic about bringing the Ottogrid team on board and incorporating the Ottogrid product directly to North. We are bringing to companies a new way to face research with intelligent tables, helping to make daily work more pleasant and productive than employees.”
