IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC

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Based on the provided information, here is a structured list of funds, investors, the startup, founders, fundraising series, and dates:

Overview

  • Startup: Seek AI
  • Acquired by: IBM
  • Date of Acquisition Announcement: June 2, 2025
  • Founded: 2021

Founders

  • Sarah Nagy: CEO and Founder

Funds & Investors

  • Investors:

    • Battery Ventures
    • Conviction Partners
    • NJP Ventures
  • Total Raised: Approximately $10 million

Fundraise Series

  • Specific round details (e.g., Seed, Series A) were not mentioned, only the total raised amount.

Key Initiatives

  • IBM Ventures: Corporate VC wing
  • Enterprise AI Fund: $500 million fund for AI initiatives

Additional Information

  • Location of New Headquarters: One Madison, NYC
  • Watsonx AI Labs: New NYC-based AI accelerator for IBM

This summarizes the key points regarding the acquisition and startup. If you need further details, feel free to ask!

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2025-06-02 18:06:21