AI Squared, a leading technology provider for integrating information into web-based business applications, announces the acquisition of the world’s leading open source reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared underscores its commitment to helping companies simplify the transfer of data and AI insights into business applications.
Multiwoven’s acquisition comes less than two weeks after AI Squared’s nearly $14 million Series A funding round, led by ANSA Capital and NEA. Acquiring so quickly after announcing this funding is a signal to the industry that AI Squared will continue to make bold decisions that enable companies to augment business operations with robust information.
Reverse ETL takes organized data from a data warehouse and moves it into applications and tools that businesses use every day, such as sales, marketing, and advertising platforms. AI Squared will integrate Multiwoven’s rETL capabilities into its existing enterprise offerings to help companies integrate robust data and AI insights into business applications more efficiently.
In addition to integrating Multiwoven technology into its enterprise platform, AI Squared will proudly continue to support the active development of Multiwoven’s open source technology, which has the fastest growing connector ecosystem driven by the open source community. This commitment to supporting Multiwoven as an open source project shows that AI Squared recognizes the critical role open source plays in driving technological innovation.
The Multiwoven team joins AI Squared as part of the acquisition, with Multiwoven’s founders taking on leadership roles within the company. Sujoy Golan will now serve as AI Squared’s Chief Product Officer, Nagendra Dhanakeerthi will serve as Chief Technology Officer, and Subin Thattaparambil will serve as SVP of Engineering.
“Based on my experiences as a data science leader at the National Security Agency and as an early employee at Databricks, I recognize and respect the critical role the open source community plays in driving innovation,” says Benjamin Harvey, Ph. D , Founder and CEO of AI Squared. “As a unique organization, AI Squared and Multiwoven will continue to lead the way in open source rETL while providing critical data movement capabilities to our customers.”
“We built Multiwoven to solve the significant complexities surrounding integrations and data movement that data teams struggle with when trying to use their own customers’ warehouse data for their business tools. With our new joint team, we will be able to accelerate the development and growth of Multiwoven Open Source, which will remain free to use. We are also excited to now partner with AI Squared to introduce advanced capabilities to enable AI/ML data,” said Sujoy Golan, co-founder and CEO of Multiwoven.
The Multiwoven team brings exciting innovations around data activation and data integration to the forefront at AI Squared. To learn more about the advancements enabled by the Multiwoven acquisition at AI Squared, visit the AI Squared website.
