Generating Enterprise Readiness Squirro, the world’s leading Swiss-headquartered SaaS platform specializing in AI, search and business insights, is proud to announce the acquisition of Synaptica, a well-known US-based SaaS provider of enterprise taxonomy management and knowledge graph systems.
This strategic acquisition brings together Synaptica’s robust semantic graph technology with Squirro’s cutting-edge generative AI capabilities to create a powerful platform for knowledge discovery, conversational search and business process automation.
Generative AI technologies such as Search Augmentation Generation (RAG) combine the strengths of traditional information retrieval with large-scale language models (LLMs) to enable natural language understanding and generation. RAG has quickly become a popular solution, allowing enterprise users to ask questions in natural language, retrieve relevant content and data, and translate it into contextually informative responses.
“RAG alone does not ensure the completeness and accuracy of information for mission-critical enterprise applications. Squirro quickly recognized that the combination of generative AI with enterprise knowledge graph and semantic technologies could help close this gap,” said Dorian Selz, CEO of Squirro.
Synaptica’s SaaS platform is used by large companies and government agencies to manage enterprise knowledge, including taxonomies, ontologies and knowledge graphs.
“Our customers span multiple industries but share a commitment to high-quality information search. They are using semantic technologies to build knowledge organization systems, standardize and enrich metadata, and optimize precision and recall,” said Dave Clarke, co-founder of Synaptica. Clarke will join Squirro’s leadership team as executive vice president of semantic graph technologies.
“The generative AI space is evolving at an unprecedented pace, and we’re committed to delivering a platform that enables our customers to stay ahead of the curve,” said David Hannibal, CPO and head of corporate development. “We continue to drive innovation, and our first addition is Knowledge Graph-enhanced Search Augmented Generative (RAG).”
