Semantix Announces the Acquisition of Elemeno
Read Time 3 MinutesSemantix, Inc., a leading Latin American end-to-end data platform provider recently announced it has entered into an agreement to acquire Elemeno Inc. (“Elemeno”), a US-based, cloud-managed, machine learning operations (MLOps) platform provider focused on helping businesses leverage the benefits of artificial intelligence.
Elemeno specifically aims to automate the development, deployment, and management of machine learning (ML) software with an easy-to-use interface and, in so doing, accelerate artificial intelligence adoption for businesses and organizations.
Founded in 2021 by Lucas Bonatto Miguel, Elemeno simplifies machine learning development by providing an end-to-end development framework, which includes not only automation but key no-code components for managing features and models, as well as an open software development kit (SDK) for custom use cases. With a fully managed, highly scalable infrastructure and a standard serverless architecture based on Kubernetes, Elemeno aims to allow customers to build ML models with ease and effortlessly resolve challenges that can be addressed through artificial intelligence.
“We announced an important step towards helping more companies to leverage Artificial Intelligence to run efficient businesses,” Miguel wrote in a recent social media post. “Elemeno is now part of the Semantix platform, and we’re just starting!
Just this past year, the Brazilian-based Semantix expanded to the United States. The company merged with Alpha Capital (ASPC), a special purpose acquisition company, or ‘SPAC’ focused on technology in Latin America.
It was the first technology SPAC from Brazil listed in the United States debuting on NASDAQ in August 2022 under STIX.
Semantix is a leading Latin American end-to-end data platform provider. The company now has more than 300 clients with operations in approximately 15 countries.
Semantix expects the acquisition of Elemeno to complement and enhance its flagship proprietary platform, the Semantix Data Platform (SDP), and specifically strengthen SDP’s MLOps suite. Semantix also anticipates that Elemeno’s highly skilled engineering team will increase its innovation and proprietary technology development capacities. The acquisition is as well expected to expand Semantix’s growing presence in the US, which continues to be a major strategic priority.
“Semantix remains committed to growing our proprietary SaaS business and expanding our presence in the US. The acquisition of Elemeno is fully aligned with these goals, with products and technology that are highly complementary to Semantix’s Data Platform,” said Leonardo Santos, CEO of Semantix.
“We look forward to welcoming Elemeno’s team and are excited about what we can achieve together.”
The transaction will be structured as a merger of a Semantix subsidiary with Elemeno, with the surviving company becoming a subsidiary of Semantix. The completion of this transaction is subject to the satisfaction of certain conditions precedent. Semantix and Elemeno will each maintain their business in the ordinary course in an independent manner until the closing date of the transaction.
For more information, visit ir.semantix.ai.
