IBM Strengthens AI Portfolio with Seek AI Acquisition
IBM announced on Monday its acquisition of Seek AI, a cutting-edge startup specializing in natural language-driven data analysis. The financial terms of the deal remain undisclosed. Seek AI’s technology will be integrated into Watsonx AI Labs, IBM’s newly launched AI accelerator based in New York City.
Why Seek AI Matters for IBM
Seek AI, founded in 2021 by CEO Sarah Nagy, offers an innovative platform that enables businesses to query enterprise data using conversational language. Its AI-powered tools automatically translate natural language questions into database queries, streamlining data analysis and summarization for enterprises.
In a LinkedIn post, Nagy highlighted the strategic benefits of the acquisition:
“We’ll scale our platform, deploy mission-critical solutions for IBM clients, empower the next generation of AI developers, and grow our team significantly.”
This move aligns with IBM’s broader strategy to expand its enterprise AI offerings, which have already contributed to strong financial performance. The company’s Q1 2025 earnings surpassed estimates, driven by robust demand for AI and software solutions.
Inside Watsonx AI Labs: IBM’s Collaborative Hub
IBM’s newly unveiled Watsonx AI Labs in Manhattan aims to foster innovation by connecting AI developers, researchers, and enterprises. Key features of the accelerator include:
- Collaborative Workspace: A hub for IBM engineers and external partners to co-create AI solutions.
- Academic Partnerships: Collaborations with local universities and research institutions.
- Startup Support: Access to IBM’s resources, including potential funding from IBM Ventures and its $500 million AI-focused investment fund.
Ritika Gunnar, IBM’s General Manager of Data and AI, emphasized the accelerator’s mission:
“Watsonx AI Labs is where the best AI developers gain access to world-class engineers and resources to build transformative applications. By anchoring this in NYC, we’re tapping into a diverse talent pool and a thriving tech ecosystem.”
Seek AI’s Journey and Future
Before the acquisition, Seek AI raised $10 million from notable investors, including Battery Ventures and Conviction Partners. Post-deal, the startup will relocate its headquarters to One Madison, the same building housing Watsonx AI Labs and IBM’s expanded Manhattan offices.
This acquisition underscores IBM’s commitment to advancing AI-driven data analytics and solidifying its position as a leader in enterprise AI innovation.
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