McKinsey & Company, a New York-based acquired Iguazio, a Tel Aviv, Israel-based company which specializes in Artificial Intelligence and Machine Learning.
The amount of the deal was not disclosed.
With the acquisition, McKinsey & Company will accelerate and scale AI deployments with the addition of Iguazio’s technology and a team of 70+ data and AI experts. They will enhance QuantumBlack, AI by McKinsey, McKinsey’s AI arm that helps companies transform using technology, technical expertise, and industry experts.
Led by CEO Asaf Somekh, Iguazio provides an MLOps Platform that enables enterprises to develop, deploy and manage AI applications in an efficient, scalable and repeatable way. Using it, enterprises can generate business value faster with AI, by accelerating the path to production and continuously rolling out new AI services in a fraction of the time and resources. Enterprises spanning a wide range of verticals, including financial services, healthcare, manufacturing, smart mobility, telecoms and entertainment use Iguazio to turn data science into business impact. Iguazio is backed by prominent investors including Pitango, JVP, Magma VC, INcapital Ventures, Kensington Capital Partners, Verizon Ventures, CME Group, Bosch, Samsung and Dell.
McKinsey & Company is a management consulting firm committed to helping organizations realize sustainable, inclusive growth. The company works with clients across the private, public, and social sectors to solve complex problems and create positive change for all our stakeholders.
This is McKinsey’s first acquisition in Israel.
FinSMEs
24/01/2023