# Ikigai

> Ikigai Labs develops enterprise AI for structured and time-series data. Its aiMatch, aiCast, and aiPlan tools combine data reconciliation, forecasting, and scenario planning in a spreadsheet-like platform with human expert input. Founded by MIT professor Devavrat Shah and Vinayak Ramesh in 2019, it serves operational teams across retail, manufacturing, life sciences, and financial services. In May 2026, Celonis announced an agreement to acquire the company; its investor subsequently described it as acquired.

- **Founded:** 2019
- **Headquarters:** San Francisco, United States
- **Founders:** Devavrat Shah (Co-founder; CEO before acquisition; announced incoming Chief Scientist, Enterprise AI at Celonis), Vinayak Ramesh (Co-founder; former CEO/co-CEO; announced incoming Field CTO at Celonis)
- **Products:** aiMatch, aiCast, aiPlan, AI App Builder, Ikigai Academy
- **Notable:** Raised $13 million in seed funding and $25 million in Series A funding., Selected for MIT Startup Exchange STEX25 participation covering 2023-2024., Reported training more than 6,000 Academy students across 90+ countries by August 2023.

## Products & services

- **aiMatch** — Reconciles disparate datasets, matches records, fills data gaps, and allows expert review of anomalies.
- **aiCast** — Time-series forecasting using Large Graphical Models, including applications with short or sparse histories.
- **aiPlan** — Scenario planning and optimization to compare operational choices and business tradeoffs.
- **AI App Builder** — No-code/low-code environment for assembling data workflows and business applications.
- **Ikigai Academy** — AI and forecasting education with practical platform exercises; company reported over 6,000 students in more than 90 countries in August 2023.

## Achievements

- Raised $13 million in seed funding and $25 million in Series A funding.
- Selected for MIT Startup Exchange STEX25 participation covering 2023-2024.
- Reported training more than 6,000 Academy students across 90+ countries by August 2023.
- Agreed to join Celonis in May 2026; Foundation Capital and Underscore subsequently identify it as acquired.

## Latest updates

- **2026-05** — Celonis announced a definitive acquisition agreement on May 12; Foundation Capital described Ikigai as acquired on May 13. Shah announced his incoming Chief Scientist, Enterprise AI role and Ramesh’s incoming Field CTO role.
- **2025-12** — Ikigai’s year-end LinkedIn message highlighted work on a Time Series Foundation Model; this is a company-reported research update.

## Links

- Website: https://www.ikigailabs.io/
- LinkedIn: https://www.linkedin.com/company/ikigailabs/
- Twitter/X: https://x.com/ikigaiinc
- Facebook: https://www.facebook.com/ikigai-labs-100075854127090

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Profile page: https://yespress.io/ikigai
Published by YesPress — https://yespress.io
Last updated: 2026-10-03