Acquisitions are expanding Altair's Data analysis and AI delivery
Troy, Michigan, April 18, 2024 /CNW/ — altair (Nasdaq: ALTR), a global leader in computational intelligence, has acquired Cambridge Semantics, a modern data fabric provider and creator of the industry's leading analytical graph database. Cambridge Semantics' graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, unifying complex webs of structured and unstructured enterprise data into a single, simplified view.
By integrating Cambridge Semantics' innovative knowledge graph technology, Altair's Leading tools for data analytics and data science provide organizations with a solid foundation for building advanced analytics ecosystems that bring artificial intelligence (AI) to day-to-day business operations.
“The knowledge graph is a critical part of the data fabric. It puts the right data in the right hands at the right time. , we believe it will deliver the fastest and most scalable knowledge graph.” James R. ScapaFounder and CEO, altair. “Furthermore, knowledge graphs are essential to the success of generative AI applications because they provide the business context needed to establish generative AI models, eliminate hallucinations, and dramatically improve response quality.”
Cambridge Semantics' technology will be integrated into the Altair® RapidMiner® platform, extending the platform's existing data preparation, ETL, data science, business intelligence, MLOps, workload management, and knowledge graph, data governance, data virtualization, and data discovery technologies. It will be added. Orchestration tools.
“Joining Altair is a natural transition for Cambridge Semantics as we seek to accelerate the pace of technology adoption,” he said. Charles Pieper, Chairman and CEO of Cambridge Semantics. “Cambridge Semantics has historically been successful with Fortune 500 government, defense, life science, and manufacturing organizations. Altair's Capturing a broad customer base through the Altair Units business model and integrating it into Altair RapidMiner is an exciting prospect for us and our customers. ”
Cambridge Semantics is an innovation and engineering team in IBM's Advanced Technology Group, with the shared belief that semantic graph data models are transformative technologies destined to help organizations leverage their data in unprecedented ways. Founded in 2007 by the team. Strategically important competitive differentiation. The company's technology team is fundamental to the development of the data warehouses IBM Netezza and Amazon Redshift and represents one of the largest single collections of knowledge graph experts in the world.
“This acquisition adds deep data warehousing expertise to our already strong analytics and data science teams and strengthens our core group of engineers who understand the entire data lifecycle, from data creation to real-world impact. I will be born.” Shrikant MahalingamChief Technology Officer altair. “We are all excited about where this combination of team and technology will take us.”
For more information about Altair RapidMiner, visit https://altair.com/altair-rapidminer.
about altair
altair is a global leader in computing intelligence, providing software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. altair This will enable organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world, while creating a greener, more sustainable future. . For more information, please visit www.altair.com.
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