IBM announced its acquisition of Seek AI, an AI platform that allows users to interact with enterprise data in natural language, as part of its strategy to expand AI investments. Seek's technology will be integrated into the newly established Watsonx AI Labs in New York City, which aims to support AI developers and launch innovative solutions. Seek's capabilities include a chatbot-style interface for querying databases, contributing to IBM's strong performance driven by AI demand. Seek AI will relocate to IBM's new Manhattan headquarters as part of the deal.
Prior to its exit, Seek AI managed to raise around $10 million from investors including Battery Ventures, Conviction Partners, and NJP Ventures.
Seek CEO and founder Sarah Nagy said that the startup's technology will be a key part of Watsonx AI Labs, IBM's new NYC-based AI accelerator.
By anchoring this mission in New York City, we are investing in a diverse, world‑class talent pool and a vibrant community whose innovations have long shaped the tech landscape.
IBM's acquisition of Seek comes as the former looks to grow its investments in AI, particularly AI for the enterprise.
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