Woflow, a San Francisco, CA-based data infrastructure company for digital commerce, acquired XtremeAI, a Seville, Spain-based document digitization and data structuring platform.
The amount of the deal was not disclosed.
This strategic move enables Woflow to extend its reach across Europe, leverage the valuable industry knowledge of the XtremeAI team, as well as incorporate new AI technology into its product offerings.
Through this acquisition, Woflow will continue to support XtremeAI customers, which include major European food delivery companies. The co-founders of XtremeAI, Miguel Esteban, Timotei Molnar and Eduardo del Palacio along with their team, will join Woflow and bring industry knowledge to the company’s growth plans.
Founded in 2017 by Jordan Nemrow and Will Bewley, Woflow is a data infrastructure company for digital commerce. It provides a Merchant Data Platform that enables platforms and marketplaces to create and maintain complex structured data at scale. Customers including DoorDash, Square, Walmart and Deliveroo use its data infrastructure to generate and maintain merchant data at scale.
In addition to acquiring new customers and talent, Woflow will integrate technology, including a proprietary AI platform, from XtremeAI into its product offerings to further enhance the capabilities of its platform.
FinSMEs
05/06/2023