Altair acquires Cambridge Semantics expanding its data analytics and AI offerings

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Altair, a developer of computational intelligence, has announced that it has acquired Cambridge Semantics, a data fabric provider and creator of one of the industry’s leading analytical graph databases.

Credit: Altair

Cambridge Semantics’ graph-powered data fabric technology is used to accelerate the creation of comprehensive enterprise knowledge graphs, integrating a complex web of structured and unstructured enterprise data together into a single, simplified view.

Bringing together Cambridge Semantics’ knowledge graph technology with Altair’s data analytics and data science tools will offer organisations a 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. 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 organisations who have significant data volumes and deep questions,” said James R. Scapa, founder and chief executive officer, Altair. “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 dramatically improve response quality.”

Cambridge Semantics’ technologies will be integrated into the Altair RapidMiner platform, adding 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,” said Charles Pieper, chairman and chief executive officer, Cambridge Semantics. “Cambridge Semantics has historically been successful with Fortune 500 government, defence, life science and manufacturing organisations. 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.”

Cambridge Semantics was founded in 2007 by an innovation and engineering team from IBM’s Advanced Technology Group. Its technical team was fundamental to the development of data warehouses IBM Netezza and Amazon Redshift and represents one of the largest single collections of knowledge graph experts in the world.

“This acquisition adds deep data warehousing expertise to our already strong analytics and data science team, creating an enhanced core group of engineers that understand the entire data lifecycle – from data creation to real impact,” said Srikanth Mahalingam, chief technology officer, Altair.