Accenture Takes Strategic Stake in Knowledge Graph Maker Stardog

May 15, 2023

Accenture Ventures, the investing arm of consulting giant Accenture (NYSE: ACN), has made an undisclosed, strategic investment in Arlington, Va.-based Stardog, a data startup that emerged at the University of Maryland’s AI Lab.

Stardog, which uses generative AI to build knowledge graphs, has previously raised $23.3 million. Its backers include: Washington, D.C.-based Core Capital Partners; Baltimore-based Grotech Ventures; New York’s Tenfore Holdings and Contour Venture Partners; Santa Clara, Calif.-based Presidio, a unit of Sumitomo Corp.; and Boulder, Colo.-based Boulder Ventures.

“For most large enterprises, the real value of generative AI will come from customizing and fine-tuning large language models and using their own collected data to address their unique business needs,” said Accenture Ventures’ managing director Tom Lounibos, previously the founder of Akamai-acquired startup Soasta.

Read more about this strategic investment from citybiz.