Squirro Acquires Synaptica to Integrate GenAI and Data Visualisation
Squirro, a Swiss-headquartered global SaaS platform specializing in enterprise-ready generative AI search and business insights, has announced its acquisition of Synaptica. Synaptica is a US-based SaaS provider renowned for its enterprise taxonomy management and knowledge graph systems.
This acquisition integrates Synaptica’s robust semantic graph technology with Squirro’s cutting-edge generative AI capabilities, creating a powerful platform for knowledge discovery, conversational search, and business process automation. Generative AI technologies such as Retrieval Augmented Generation (RAG) combine traditional information retrieval strengths with Large Language Models (LLMs), enabling natural language understanding and generation.
Dorian Selz, CEO of Squirro, stated, “RAG has swiftly become a sought-after solution empowering enterprise users to ask natural language questions, retrieve relevant content and data, and transform it into contextually informative responses. However, RAG alone doesn’t ensure the completeness and accuracy of information for mission-critical enterprise applications. This gap can be bridged by combining generative AI with enterprise knowledge graphs and semantic technology.”
Synaptica’s SaaS platform is utilized by major corporations and government agencies to manage enterprise knowledge, encompassing taxonomies, ontologies, and knowledge graphs. Dave Clarke, co-founder of Synaptica, mentioned, “Our customers span various industries but they all share a commitment to high-quality information retrieval. They use semantic technology to build knowledge organization systems, standardize and enrich metadata, and optimize precision and recall.”
Clarke will join Squirro’s leadership team as Executive Vice President Semantic Graph Technology. David Hannibal, CPO and Head of Corporate Development at Squirro, expressed commitment to innovation, stating, “The Generative AI space is evolving at an unprecedented pace, and we are committed to providing a platform that empowers our customers to stay ahead. We will continue to drive innovation with our first addition being knowledge graph-enhanced Retrieval-Augmented Generation (RAG).”
Source: Squirro acquires Synaptica to integrate GenAI and data visualisation.
