Squirro invests in second company in two months

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10.09.2024
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Squirro, a Swiss-headquartered global SaaS platform for enterprise-ready generative AI, search and business insights, today announced its strategic investment in meetsynthia.ai, a US-based pioneer in AI guardrail management systems, which helps companies ensure that AI outputs are accurate, reliable and in line with enterprise-specific requirements. Already in July Squirro had acquired Synaptica, another US-based AI company.

With this investment, Squirro and meetsynthia.ai are poised to set new standards in AI guardrails, enhancing employee engagement – even in the most highly regulated industries, driving forward the next wave of intelligent automation and enterprise transformation.

Synthia enables organizations to create, edit, rank and manage guardrail attributes, automatically enhancing prompt quality, precision and alignment with critical standards. Validation guardrails ensure AI responses rigorously adhere to privacy, compliance and brand guidelines. By integrating its capabilities into an accuracy-driven GenAI platform like Squirro, companies can mitigate risks, reduce legal and operational liabilities and safeguard against AI hallucinations.

“At Squirro, we believe that AI accuracy, reliability and transparency are fundamental for eliminating risk, which is a key consideration when integrating AI into business operations,” said Dorian Selz, CEO of Squirro. “Through our investment in meetsynthia.ai, we will be able to assist their team in driving outcomes for our Squirro enterprise customers and, conversely, extend our capabilities to the company’s employee-first UX user base."

Second investment in two months

In July Squirro has acquired Synaptica, a renowned US-based SaaS provider of enterprise taxonomy management and knowledge graph systems. "At Squirro, we continue to lead our customers into the next paradigm of retrieval augmented generation (RAG) via our corporate development strategy. First with our acquisition of Synaptica, a leader in semantic graph to create a feature-complete graphRAG, and next via this investment in meetsynthia.ai to offer AI guardrailing. These are exciting times for Squirro customers with more to come," said David Hannibal, Chief Product Officer at Squirro.

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