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- Oct 23, 2024
Semantic Web Company and Ontotext Merge to Form Graphwise
Semantic Web Company and Ontotext announced today that the two companies have merged to become the leading Graph AI provider, Graphwise. Semantic Web Company’s PoolParty Semantic Suite offers up expertise in knowledge engineering, text mining, and semantic search, while Ontotext’s GraphDB brings a versatile graph database engine for linking and unifying information at scale.
As long-standing pioneers and partners in the field of graph technologies, GraphDB and PoolParty in combination are already used by over 100 organizations worldwide. Now, the even deeper integration of both these products into one ensures that Graphwise is the most comprehensive knowledge graph AI organization on the market.
A major business premise of this merger is to accelerate the path to graph-infused AI and large language models (LLMs) – which should minimize the deficit that standalone LLMs bring. LLMs are known to produce hallucinations and inaccurate, often incomplete or superficial answers and results in the conversational and generative AI platforms they power, and knowledge graphs are becoming more and more necessary to solve these problems.
About Graphwise, Andreas Blumauer, SVP of Growth, said, “No one is lacking in AI models, but what they are lacking in is accessing the AI-ready data to feed them. The unique combination of our knowledge graph and semantic AI expertise is the only way enterprise models can process data with the utmost accuracy, reliability and context. Knowledge graphs are the last piece of the AI puzzle and we’re excited to enable enterprises across the globe to truly reap the results and return on their AI investment using a singular and proven solution.”
Similarly, Atanas Kiryakov, President at Graphwise, likens the knowledge graph to a GPS “[Knowledge graphs] guide AI models with precision and context to ensure trustworthy, explainable outputs. Just as a GPS system provides accurate routes and prevents wrong turns, knowledge graphs steer AI models in the right direction by organizing and linking data in meaningful ways. The ability to do this has never been so important, as businesses grapple with multiple AI technologies.”
Semantic Web Company is thrilled to join Ontotext on this journey to offer up the best knowledge management and AI services to enterprises across the globe. To learn more about Graphwise, check out our blog.