AI Squared, a prominent technology provider specializing in integrating information into web-based business applications, proudly announces its acquisition of Multiwoven, the world’s leading open-source Reverse ETL (rETL) company. This strategic move reinforces AI Squared’s commitment to streamlining data and AI insights integration into business applications.
The acquisition of Multiwoven swiftly follows AI Squared’s recent Series A funding round, signaling the company’s dedication to empowering organizations with efficient data movement solutions. Supported by ANSA Capital and NEA, the acquisition underscores AI Squared’s determination to drive innovation and enhance business workflows.
Reverse ETL facilitates the seamless transfer of organized data from warehouses into daily-use applications like sales, marketing, and advertising platforms. By integrating Multiwoven’s rETL capabilities into its enterprise offering, AI Squared aims to empower organizations to effortlessly incorporate robust data and AI insights into their business applications.
In addition to incorporating Multiwoven’s technology, AI Squared remains committed to nurturing the growth of Multiwoven’s open-source ecosystem. With a thriving Connector ecosystem driven by the open-source community, AI Squared acknowledges the pivotal role of open-source in fostering technological advancement.
The acquisition sees the Multiwoven team joining AI Squared, with founders Sujoy Golan, Nagendra Dhanakeerthi, and Subin Thattaparambil assuming leadership roles within the company. This unified team is poised to accelerate the development and expansion of Multiwoven’s open-source offerings while introducing advanced capabilities to activate AI/ML data.
Benjamin Harvey, Ph.D., Founder, and CEO of AI Squared, emphasizes the significance of the open-source community in driving innovation. With AI Squared and Multiwoven joining forces, they are primed to lead the way in open-source rETL while delivering essential data movement functionality to customers.
Sujoy Golan, Co-founder, and CEO of Multiwoven, expresses excitement about the merger’s potential to accelerate innovation in data activation and integration. The combined expertise of AI Squared and Multiwoven promises to revolutionize data management for businesses.
