Syndio Accelerates Agentic AI Roadmap With Embrace.ai Buy

Syndio has acquired Embrace.ai to accelerate Syndio’s agentic artificial intelligence roadmap for its Decision Intelligence for Pay platform.

The Syndio platform already helps global organizations analyze, govern and improve pay decisions at scale, and the addition of Embrace.ai’s AI-forward team will help it expand the platform with new agentic capabilities, Syndio said in a Tuesday (June 23) press release.

Embrace.ai focuses on agentic AI and was built to deploy AI-driven automation across business workflows, according to the release.

Syndio CEO Maria Colacurcio said in the release that pay decisions require AI that understands enterprises’ domain, data and governance expectations.

“The Embrace.ai team was built around exactly that principle,” Colacurcio said. “They bring a governance-first approach to enterprise AI and deep operating experience helping organizations configure, control and deploy AI agents with appropriate guardrails. That expertise will help us move significantly faster as we build the next generation of pay intelligence.”

Embrace.ai’s full team will join Syndio’s product and go-to-market organization. Embrace.ai Co-CEO and Co-Founder Derek Butts will join Syndio as senior vice president of product strategy, while Co-CEO and Co-Founder Seth Halpern will join the company as a strategic adviser, according to the release.

“We are excited to combine what we learned at Embrace.ai, building and delivering an AI-native platform, with Syndio’s leadership in driving pay decisions for global enterprises,” Butts said in the release.

Syndio Chief Financial Officer Milan Parikh told PYMNTS in an interview posted in January 2023 that the company built its platform to help companies achieve transparency around workplace equity by leveraging digital technology and software to give organizations continuous insights and analysis to monitor the impact of their employee payroll spend tracked against equity key performance indicators (KPIs).

Syndio announced in May that it rebranded its platform as Decision Intelligence for Pay and that it added a new AI-powered product called Decisions that puts real-time pay intelligence into the hands of the people making pay decisions.

When announcing the addition of Decisions, Colacurcio said that compliance reports are not the real problem.

“The real problem is pay governance at the point of decision, and governing it well is one of the most tangible financial advantages an enterprise has,” Colacurcio said.