Squirro acquires Synaptica to make its GenAI solution more accurate and complete

Generative AI technologies, such as Retrieval Augmented Generation (RAG), leverage the strengths of traditional information retrieval combined with Large Language Models (LLMs), enabling natural language understanding and generation. RAG has swiftly become a sought-after solution, empowering enterprise users to ask natural language questions, retrieve relevant content and data, and transform it into contextually informative responses.

“RAG alone does not ensure the completeness and accuracy of information for mission-critical enterprise applications. Squirro quickly identified that this gap can be bridged by combining generative AI with enterprise knowledge graphs and semantic technology,” stated Dorian Selz, CEO of Squirro.

Synergizing Capabilities
Synaptica is a renowned US-based SaaS provider of enterprise taxonomy management and knowledge graph systems. Enterprise Taxonomies are controlled vocabularies that are used by the whole organization. Enterprise knowledge graph organizes siloed information into organizational knowledge, which involves consolidating, standardizing, and reconciling data in an efficient and useful way. Synaptica’s SaaS platform is utilized by a diverse global customer base, including major corporations and government agencies, to manage enterprise knowledge, encompassing taxonomies, ontologies, and knowledge graphs.

“Our customers span various industries, but they all share a commitment to high-quality information retrieval. They use semantic technology to build knowledge organization systems, standardize and enrich metadata, and optimize precision and recall,” said Dave Clarke, co-founder of Synaptica. Clarke will join Squirro’s leadership team as Executive Vice President, Semantic Graph Technology.

(Press release / SK)