AI startup Cohere has acquired Ottogrid, a Vancouver-based company that creates enterprise solutions to automate various advanced market research processes.
According to Omar, Ottogrid will discontinue its product but will provide customers with “ample notice” and “a reasonable transition period.”
“We’re very excited to join the Cohere team and integrate Ottogrid into Cohere’s … platform,” Omar said in a statement. “Through our work with Cohere, we’re [going to] dramatically impact how people can automate their workflows, enrich their data, and scale their operations.”
The company announced on Thursday that its annualized revenue has recently hit $100 million, driven by a strategic pivot towards private AI deployments for clients in industries such as healthcare, government, and finance.
Ottogrid, originally launched as Cognosys in 2023 by Omar and Homam Malkawi, rebranded in October 2024 following a significant platform redesign that added numerous new integrations, tools, and APIs.
Currently, Ottogrid features a “native table interface” with AI-driven document analysis capabilities. For instance, customers can extract data from websites and save it directly to spreadsheets or automatically enhance sales lead lists.
Before its acquisition, Ottogrid raised $2 million in venture capital from investors such as GV (Google Ventures), Untapped Capital, Replit CEO Amjad Masad, Vercel CEO Guillermo Rauch, and Cohere co-founders Ivan Zhang and Aidan Gomez, among others.
Omar states that as part of Cohere, Ottogrid will primarily focus on North, Cohere’s recently launched ChatGPT-style application designed to help knowledge workers with tasks like summarizing documents.
Cohere CEO Aidan Gomez said, “I’m super excited to bring the Ottogrid team aboard and incorporate Ottogrid’s product directly into North. We’re bringing enterprises a new way to tackle research with smart tables, helping make employees’ day-to-day work more enjoyable and productive.”
Cohere’s acquisition of Ottogrid marks a strategic move to enhance its AI-driven market research and knowledge management capabilities.
