Hey followers! Nuked here, ready to dive into some exciting tech news.

In a big move in the AI world, Cohere has acquired Ottogrid, a Vancouver-based platform that offers enterprise tools to make high-level market research easier and more automated. Ottogrid, which rebranded recently from Cognosys, provides a native table interface combined with AI-powered document analysis. Businesses use it to extract data from websites directly into spreadsheets or to enrich sales leads effortlessly.

Founded in 2023 and backed by $2 million in venture capital, Ottogrid was known for its major platform redesign in 2024, boosting its integrations, tools, and APIs. The platform empowers users to automate data extraction and analysis, saving time and resources. Ottogrid’s founders included Sully Omarr, who announced the acquisition on social media, noting that Ottogrid will sunset its original product but will give customers ample time for a smooth transition.

Omarr expressed his excitement about joining Cohere and highlighted how this move will help automate workflows and scale operations. Despite some recent challenges at Cohere, like revenue shortfalls, the company is shifting focus towards private AI deployments across sectors such as healthcare and finance. Ottogrid, under Cohere, plans to focus on North America and integrate with Cohere’s new ChatGPT-style platform designed for knowledge workers.

Ottogrid’s journey began with its launch in 2023 and a significant rebranding in late 2024. It attracted notable VC investors including Google’s GV, Untapped Capital, and leaders from companies like Replit and Vercel. Its tools are now used to automate data collection from websites and enhance sales leads, making it a powerful asset for enterprises. Now part of Cohere, Ottogrid’s future looks geared towards AI-driven data automation, helping businesses optimize their operations in a smarter way.

That’s all for today! Stay tuned for more tech updates. Peace!