Press Release

Swiss startup Squirro receives $4 million investment and acquires

Swiss startup Squirro receives $4 million investment

Swiss augmented intelligence startup Squirro has received $4 million in funding as part of a deal where it acquired the deal sourcing platform The funding comes from BuildGroup, a capital investment firm, who gave the rights to to Squirro. 

Squirro claims will integrate with its existing applications to form an “even more rounded offering” to enhance Squirro’s existing technology. 

“Our growth curve continues to rise sharply, and this acquisition puts us firmly on the map in the US,” said Dr. Dorian Selz, CEO, and co-founder of Squirro. “ has a highly complementary proposition to Squirro’s and allows us to expand our technology footprint in an important territory. We have already established a strong US presence, and the acquisition will greatly expand our market reach as demand for AI-derived insights increases.” 

For BuildGroup, the funding and acquisition is the start of a long-term partnership.

“Squirro is a company that has been demonstrating fantastic potential for growth over the past few years, meeting the increasing demand for insights taken from unstructured data sources,” said Lanham Napier, CEO of BuildGroup. “ is in excellent hands with Dorian and his team, and I am delighted that BuildGroup will play a role in working with Squirro over the coming years.” 

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