AI Squared, a Washington, DC-based technology firm that integrates data into web-based business applications, purchased Multiwoven, an open-source reverse ETL (rETL) startup with locations in Bangaolore, India, and Mountain View, California.
The deal’s total value was not made public.
In order to assist businesses in integrating data and AI insights into business applications, AI Squared will be integrating Multiwoven’s rETL capabilities into its current enterprise offering through this purchase. Not only will AI Squared include Multiwoven’s technology into its business platform, but it will also actively foster the advancement of Multiwoven’s open-source technology.
As part of the transaction, the Multiwoven team joins AI Squared, and the founders take on senior positions inside the business. As of right now, AI Squared’s Chief Product Officer will be Sujoy Golan, its Chief Technology Officer will be Nagendra Dhanakeerthi, and its SVP of Engineering will be Subin Thattaparambil.
About Multiwoven
Users may sync client data with their business tools by using Multiwoven. Data segmentation, synchronization, and activation are all made simple and completely safe by its open-source reverse ETL platform. The procedure known as “reverse ETL” involves organizing data from a data warehouse and transferring it into tools and applications used on a daily basis by enterprises, such platforms for marketing, sales, and advertising.
About AI Squared
AI Squared was established in 2021 and is run by CEO Benjamin Harvey. The company assists businesses in integrating data and AI insights into their business applications. Currently, Fortune 500 companies in the industrial, health, and finance sectors, as well as government agencies, are using the company’s solutions. Less than two weeks have passed since AI Squared’s almost $14 million Series A fundraising round, sponsored by NEA and ANSA Capital.
