Quantiphi, a Marlborough-based artificial intelligence consulting and engineering firm, has acquired Candyspace, a digital platform designer out of London.
Quantiphi, a Marlborough-based artificial intelligence consulting and engineering firm, has acquired Candyspace, a digital platform designer out of London.
With the acquisition, Quantiphi plans to develop new digital interface products using its AI technology and Candyspace’s experience in website, mobile app, and commerce platforms, according to a Monday press release.
“We are not just advancing technology, we are humanizing AI. We are shaping a new paradigm where intelligence is expressed through experiences that feel intuitive, empathetic and deeply personal,” Quantiphi Co-founder Reghu Hariharan said in the release.
WBJ reached out to Quantiphi to confirm the acquisition price.
Founded in 2013, Quantiphi helps businesses utilize AI and cloud technology, including generative AI applications and customized cloud engineering solutions, according to the company’s website. Quantiphi creates its own generative AI agents, including baioniq, Codeaira, and Dociphi.
Since September 2018, Quantiphi has raised $23.4 million in venture capital across two funding rounds: $3.4 million on Sept. 13, 2018, and $20 million on Dec. 19, 2019, according to the database Crunchbase.
By bringing Candyspace into Quantiphi’s portfolio, the Marlborough firm expects to expand its service offerings into industries including financial services, healthcare, retail, and media.
The acquisition marks a pivotal moment for Candyspace, said Matt Simpson, the firm’s managing director.
“Our passion has always been to build digital products that are loved by users and drive business outcomes for our clients. With Quantiphi's AI capabilities, we can now create experiences that were once impossible: products that see, learn, and respond in real time,” Simpson said in the release.
Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare, manufacturing, and higher education industries.
