INSUBCONTINENT EXCLUSIVE:
Box announced today that it has acquired Butter.ai, a startup that helps customers search for content intelligently in the cloud
The terms of the deal were not disclosed, but the Butter.AI team will be joining Box.Butter.AI was started by two ex-Evernote employees,
Jack Hirsch and Adam Walz
The latter is a firm established with a mission to use machine learning to solve real business problems like finding the right document
wherever it is.Box has been adding intelligence to its platform for some time, and this acquisition brings the Butter.AI team on board and
Patel wrote in a blog post announcing the acquisition.That means taking into account the context of the search and delivering documents that
make sense given your role and how you work
For instance, if you are a salesperson and you search for a contract, you probably want a sales contract and not one for a freelancer or
business partnership.For Butter, the chance to have access to all those customers was too good to pass up
As it turns out, Box has 85,000 customers who all need instant access to their content
company launched in September 2017, and up until now it has acted as a search assistant inside Slack you can call upon to search for
documents and find them wherever they live in the cloud
The company will be winding down that product as it becomes part of the Box team.As is often the case in these deals, the two companies have
been working closely together and it made sense for Box to bring the Butter.AI team into the fold where it can put its technology to bear
Since then, our relationship with Box has deepened and now we get to build on our vision for a MUCH larger audience as part of the Box
Investors included Slack and General Catalyst.
