Semantic Web Company Partners with Ontotext to Form Graphwise
Deal News | Feb 24, 2025 | CEE Legal Matters
The article discusses the partnership between Semantic Web Company and Ontotext that led to the formation of Graphwise, a new entity combining expertise in semantic technologies and knowledge management. Cerha Hempel advised the shareholders of Vienna-based Semantic Web Company while Djingov, Gouginski, Kyutchukov & Velichkov advised Sofia-based Ontotext. Graphwise aims to enhance Europe's AI ecosystem by focusing on reducing the errors, known as 'hallucinations,' in large language models. The involved legal teams comprised several partners, senior associates, and associates from both firms, highlighting a significant legal collaboration in the venture.
Sectors
- Artificial Intelligence
- Legal Services
- Information Technology
Geography
- Austria – Semantic Web Company is based in Vienna, Austria.
- Bulgaria – Ontotext is based in Sofia, Bulgaria.
Industry
- Artificial Intelligence – The formation of Graphwise focuses on strengthening Europe's AI ecosystem, particularly in reducing hallucinations in large language models.
- Legal Services – Cerha Hempel and DGKV provided legal advisory services for the partnership and formation of Graphwise.
- Information Technology – Semantic Web Company and Ontotext are involved in semantic technologies and knowledge-graph solutions, pivotal to IT advancements.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Semantic Web Company | Target Company | Company | A software and consulting firm based in Vienna specializing in semantic technologies. |
| Ontotext | Partner Company | Company | A Sofia-based company specializing in semantic graph database and knowledge-graph solutions. |
| Graphwise | New Entity | Company | A newly formed company combining semantic technology expertise from Semantic Web Company and Ontotext. |
| Cerha Hempel | Legal Advisor to Semantic Web Company | Company | A law firm advising on the formation of Graphwise. |
| Djingov, Gouginski, Kyutchukov & Velichkov (DGKV) | Legal Advisor to Ontotext | Company | A law firm providing legal advice to Ontotext for the partnership and formation of Graphwise. |