Progress
Software announced the
acquisition of Nuclia, an innovator
in agentic Retrieval-Augmented Generation (RAG) AI solutions.
Nuclia provides a unique agentic RAG-as-a-service product enabling
organizations to automatically leverage their own proprietary business
information to retrieve verifiable, accurate answers using GenAI.
"Nuclia's easy-to-use, self-service SaaS
product democratizes the use of trustworthy and verifiable GenAI," said Yogesh
Gupta, CEO of Progress Software. "Small to mid-sized businesses, as well as
large global corporations, can quickly and easily reap the benefits of
sophisticated agentic RAG capabilities using Nuclia SaaS without the need for
significant upfront investment."
"The rapid evolution of AI has transformed
how organizations interact with information, creating new possibilities for
more accurate, dynamic, and context-aware systems," said Eudald Camprubí, CEO
and Co-founder at Nuclia. "Agentic RAG is a cutting-edge approach that combines
the power of large language models (LLMs) with business' own proprietary data
to provide accurate and trustworthy answers. Our team at Nuclia is proud of
what we have built, and we are excited to join Progress to continue to advance
this important technology."
Nuclia will extend the end-to-end value of
the Progress Data Platform while creating opportunities to reach a broader
market of organizations looking to easily leverage the value of agentic RAG
technology.
The acquisition was signed and closed
today and is immaterial to Progress' financials.