Artsy, a New York, NY-based art tech company, acquired ArtAdvisor, a New York-based data science startup focused on arts.
The amount of the deal was not disclosed.
Led by co-founder Hugo Liu, who will join Artsy as Chief Scientist, ArtAdvisor analyzes large sets of data about artists to provide insight about them within the cultural landscape. ArtAdvisor’s machine learning and data insights will integrate into Artsy’s platform, providing improved understanding of the current and future art market for aspiring and seasoned collectors alike.
Liu co-founded the company with Lucas Zwirner.
Led by Carter Cleveland, founder and CEO, and Sebastian Cwilich, President and COO, Artsy is a platform for learning about and collecting art online, from top galleries, museums, art fairs, and auction houses. The company partners directly with art players, providing collectors and enthusiasts with a resource to learn about and purchase artwork from anywhere in the world.
Powered by The Art Genome Project, a personalization system that maps the connections between artists and artworks, visitors can browse art from museums, collect artworks from galleries, explore international art fairs before they open to the public, bid in auctions from auction houses, and read about the art world.