Troy-based Altair, a global developer of computational intelligence, has acquired Cambridge Semantics in Boston, a data fabric provider of databases. Details of the transaction were not released.
Cambridge Semantics’ graph-powered data fabric technology was engineered to accelerate the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data together into a single, simplified view.
Additionally, knowledge graphs are critical for successful generative AI applications as they provide the business context necessary to ground generative AI models, eliminate hallucinations, and improve response quality.
Bringing together Cambridge Semantics’ knowledge graph technology with Altair’s leading tools for data analytics and data science should offer organizations a solid foundation for building advanced analytics ecosystems that inject artificial intelligence (AI) into day-to-day business operations.
“Knowledge graphs are key pieces of data fabrics,” says James R. Scapa, founder and CEO of Altair. “They put the right data in the right hands at the right time. We believe Cambridge Semantics brings the fastest and most scalable knowledge graphs to organizations who have significant data volumes and deep questions.”
Cambridge Semantics’ technologies will be integrated into the Altair RapidMiner platform to add knowledge graph, data governance, data virtualization, and data discovery technology to the platform’s existing data preparation, ETL, data science, business intelligence, MLOps, workload management, and orchestration tools.
“Joining Altair is a natural transition for Cambridge Semantics as we seek to accelerate the pace of our technology adoption,” says Charles Pieper, chairman and CEO of Cambridge Semantics. “Cambridge Semantics has historically been successful with Fortune 500 government, defense, life science, and manufacturing organizations. Bringing Cambridge Semantics to Altair’s broad customer base through the Altair Units business model – and integrating it into Altair RapidMiner – is an exciting prospect for us and for our customers.”
