IBM Acquires Seek AI To Enhance AI Portfolio As Firm Moves Headquarters To One Madison

IBM has acquired Seek AI, a data analysis startup founded by Sarah Nagy in 2021, for an undisclosed sum as it strengthens its AI portfolio. Seek AI’s natural language platform translates user questions into data queries, enabling easier enterprise data analysis. Seek AI will relocate its headquarters to IBM’s new Manhattan office at One Madison.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: Undisclosed
• Company: Seek AI
• Founder: Sarah Nagy
• Current Leadership Position: CEO
• Headquarters Location: Relocating to One Madison, Manhattan
• Notable Investors: Battery Ventures

Seek AI’s technology is expected to be a key component of IBM’s newly launched Watsonx AI Labs in NYC. The acquisition aligns with IBM’s strategy to enhance AI innovation, especially in the enterprise sector, following notable software growth in IBM's latest earnings.