McKinsey acquires Israeli AI startup Iguazio

• Published date: 23 January 2023

No financial details were disclosed but Iguazio, founded in 2014 by CEO Asaf Somekh, CTO Yaron Haviv, VP architecture Orit Nissan Messing, and VP product Yaron Segev has raised $72 million to date, according to Start-Up Nation Central

McKinsey says that the acquisition will enable it to accelerate and scale AI deployments with the addition of Iguazio's technology and a team of over 70 data and AI experts. McKinsey senior partner Ben Ellencweig and QuantumBlack global leader of alliances and acquisitions says, "After analyzing more than 1000 AI companies worldwide, Iguazio was identified as the best fit to help us significantly accelerate our AI offering - from the initial concept to production, in a simplified, scalable and automated manner. By joining forces with Iguazio, we can now deepen the unparalleled, disruptive, end-to-end AI capabilities we offer to our clients."

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