Boomi CEO: We are in absolute predator mode
Summary
A little more than a year after joining Boomi Inc., Steve Lucas isn’t declaring victory, but he believes the artificial intelligence-infused future of the data integration and automation provider is looking pretty bright. Last fall, the company introduced Boomi GPT, a conversational copilot that helps users build integrations, application program interfaces and master data models. Future iterations will enable users to interact with their business systems in new ways and ultimately automate the process of creating integrations and putting them into production. Falling valuations precipitated by the shift of venture capital funding to generative AI, he added, “creates incredibly compelling acquisition opportunities. We’re going to be doing some M&A in the next couple of months.” That won’t mean broadening the company’s charter beyond data integration and automation, a market that Grand View Research Inc. expects will reach nearly $30 billion by 2030.