Exponential Machines, a software company that specializes in AI, has merged with automation company PurpleLogic Inc.
The combined entities have rebranded to become Exponential AI and the company will relocate its headquarters to Atlanta, according to company representatives.
Prior to the merger, Exponential Machines was based in San Francisco and provided enterprise AI solutions to large organizations across the globe. Together, the merged companies will offer intelligent automations, custom AI solutions development and access to its AI platform and products across the health care, life sciences, retail and financial services industries, according to a news release.
“The joining of forces between Exponential Machines and PurpleLogic will lead to greater value delivery to our clients and partners, providing access to an integrated portfolio of offerings,” incoming CEO John Keith said in a statement. “As we solve challenges of artificial intelligence adoption in enterprises and deliver transformative business value using AI, we believe the time is right to transition our brand to Exponential AI. We believe the new brand reflects the dramatic impact our clients can achieve by adopting an enterprise-ready, scalable AI platform to integrate with their mission critical operations.”