Saturday, 17 May, 2025

Cohere Acquires Ottogrid to Enhance AI-Powered Market Research Capabilities

AI startup Cohere has acquired Vancouver-based Ottogrid, a platform specializing in automating high-level market research. Ottogrid's tools, including AI-powered document analysis and data extraction, will be integrated into Cohere's ChatGPT-style application, North, aimed at assisting knowledge workers. The acquisition follows Cohere's strategic shift towards private AI deployments in sectors like healthcare and finance, as the company reported annualized revenue reaching $100 million.