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Altair Enhances Enterprise Data Capabilities with Cambridge Semantics Acquisition

This strategic move aims to bolster Altair's offerings in enterprise data management and advance the integration of generative AI into business operations.

Altair, a renowned name in computational intelligence, has recently completed the acquisition of Cambridge Semantics, a prominent data fabric provider and developer of leading analytical graph databases. This strategic move aims to bolster Altair’s offerings in enterprise data management and advance the integration of generative AI into business operations.

Empowering Next-Generation Data Fabrics

Cambridge Semantics specializes in graph-powered data fabric technology, which streamlines the integration of structured and unstructured enterprise data into cohesive knowledge graphs. This acquisition equips Altair with innovative tools for accelerating the creation of comprehensive enterprise knowledge graphs, facilitating a simplified view of complex data landscapes.

James R. Scapa, Altair’s Founder and CEO, on the Acquisition:

“Knowledge graphs are key pieces of data fabrics. They put the right data in the right hands at the right time,” stated James R. Scapa. “We believe Cambridge Semantics brings the fastest and most scalable knowledge graphs to organizations who have significant data volumes and deep questions. 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.”

Integration into Altair RapidMiner Platform:

Cambridge Semantics’ technologies will be seamlessly integrated into the Altair® RapidMiner® platform, enhancing its capabilities in knowledge graph creation, data governance, data virtualization, and data discovery. This integration aims to offer organizations a robust foundation for building advanced analytics ecosystems infused with artificial intelligence.

Charles Pieper, Chairman and CEO of Cambridge Semantics, on the Collaboration:

“Joining Altair is a natural transition for Cambridge Semantics as we seek to accelerate the pace of our technology adoption,” commented Charles Pieper. “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.”

About Altair:

Altair is a global leader in computational intelligence, providing software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair’s mission is to empower organizations across all industries to compete more effectively and make smarter decisions in an increasingly connected world, while simultaneously fostering a greener, more sustainable future.

This strategic acquisition underscores Altair’s commitment to innovation and its dedication to equipping organizations with cutting-edge solutions for managing and leveraging enterprise data effectively.

Conclusion:

Altair’s acquisition of Cambridge Semantics represents a significant step forward in advancing enterprise data capabilities and integrating generative AI into business operations. By combining Cambridge Semantics’ expertise in data fabric technology with Altair’s leading analytics and data science tools, the collaboration aims to empower organizations to extract valuable insights from their data and drive informed decision-making.

Picture of Anshika Mathews
Anshika Mathews
Anshika is an Associate Research Analyst working for the AIM Leaders Council. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
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