James Fisher, Director of Strategy at Qlik.
Qlik, a US-based data analytics and integration provider, has acquired the intellectual property (patents and technology) of Kyndi, a Silicon Valley company specializing in natural language processing, search and GenAI.
Although tight-lipped on the monetary value of the transaction, the companies highlighted the importance of combining Qlik Cloud’s mastery of structured data and Kyndi’s unstructured data technologies.
They added that Kyndi’s expertise will enable Qlik to offer response management and curation solutions, opening the door to new use cases for decision-making from a broad spectrum of data sources. data.
James Fisher, Chief Strategy Officer at Qlik, commented: “The acquisition of Kyndi’s assets represents a key milestone in Qlik’s AI vision, strengthening our ability to provide rich, trusted answers to business questions. complex. »
However, while Kyndi’s CEO and AI experts will join Qlik, it is not a full acquisition, Fisher said. “We hired key expertise from Kyndi, including its team of advanced technology and AI experts alongside Ryan Welsh, its CEO. It is important to clarify that while this acquisition represents the essence of Kyndi in terms of technology assets and human capital, it does not constitute a complete acquisition of the entire Kyndi legal entity.
Welsh added that the integration of Kyndi and Qlik technologies will facilitate the convergence of structured and unstructured data, providing users with richer insights and informed decision-making in various business scenarios.
Founded in 2014, Kyndi developed “the first explainable AI platform for government, financial services and life sciences.” It raised $47.4 million prior to the Qlik acquisition, with Intel Capital being one of its largest venture investors.
Qlik, headquartered in Pennsylvania, has expanded its analytics expertise through key acquisitions, including Podium Data in 2018 and Attunity in 2019 for integration capabilities, Blendr.io in 2020, and Talend and Mozaic in 2023 for data integration and decentralized data management, respectively. It also purchased Crunchbot in 2019 for an AI chatbot and Big Squid in 2021 to bolster its machine learning tools.
