Smartbi has sold a majority stake to Cloud1, a Finnish cloud technology company. Together with Smartbi, Cloud1 is preparing for the next evolution of AI: unifying generative AI-driven agents that autonomously manage companies' information and production systems into a single, cohesive enterprise AI. Following the acquisition, Smartbi retains a substantial minority stake and will continue to operate as an independent brand.
Smartbi welcomes its new majority owner, Cloud1. Cloud1, a cloud technology company, aims to become the Nordic leader in enabling enterprise intelligence and a comprehensive provider of enterprise AI solutions. Smartbi reinforces Cloud1's expertise in enabling the production use of AI solutions. Smartbi specializes in deploying machine learning applications and developing algorithms for industrial environments.
“Our early-adopter clients have been using AI for some time, and we expect a wave of large, established companies to follow within the next two years,” says Mika Koivula, CEO at Smartbi. “A major shift is underway, especially in the convergence of operational and information systems (OT/IT). We’re ready to capitalize on this change.”
“By joining forces with Smartbi, we’re integrating data platforms, managing diverse data sources, and using generative AI-enhanced interfaces to build a production-oriented learning machine,” said Seppo Kuula, CEO at Cloud1. “This is the crucial link in realizing true Enterprise AI. Only a few companies in Europe can deliver such a comprehensive solution.”
Following the acquisition, Smartbi retains a substantial minority stake and will continue to operate as an independent brand.
“We’re entering a fast-paced AI revolution as part of an ambitious ecosystem that combines cutting-edge expertise with transformative technologies,” says Koivula.
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