Coveo buys Anglera as AI moves into commerce: the week in tech

Coveo pairs earnings with an AI commerce acquisition, ModelBest open-sources OCR models, and research firms publish graphene and LEO satellite forecasts.

Nov 5, 2026 · MatrixWeb newsroom

Coveo dominated the week with two releases: second-quarter fiscal 2027 results reporting SaaS subscription revenue of $39.1 million and record new business bookings, alongside the acquisition of Anglera, an agentic product data enrichment engine aimed at AI-powered shopping. Mastech Digital also reported results, citing a second consecutive quarter of sequential revenue growth led by its Data & AI business.

On the product side, ModelBest and OpenBMB open-sourced two document AI models, MiniCPM-OCR 1.0 and MiniCPM-OCR Jev, and SCANOLOGY introduced AirGO Pad, a tablet platform for on-site 3D scanning and inspection. Palo Alto Networks recommended stockholders reject a mini-tender offer from Tutanota LLC, while Wissen Research and MarketsandMarkets issued market forecasts for graphene and LEO satellites.

ModelBest

ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control

ModelBest and OpenBMB released MiniCPM-OCR 1.0 (1.3B), a document parsing model, and MiniCPM-OCR Jev (2B), an OCR quality-assessment model, as open source on GitHub, Hugging Face and ModelScope on Oct. 31, 2026. The companies say Jev assigns confidence scores to text, LaTeX formulas and tables and can be added to existing OCR workflows without replacing the OCR engine, with support for vLLM, SGLang, llama.cpp and Ollama and Day-0 adaptation for AMD, Arm, Houmo AI, Intel and NVIDIA hardware.

SCANOLOGY

SCANOLOGY Introduces AirGO Pad for On-Site 3D Scanning, Inspection and Reporting

SCANOLOGY announced AirGO Pad, a tablet-based platform that works with compatible SCANOLOGY wireless 3D scanners to handle scanning, inspection and report generation on-site without a separate laptop. The company says it supports standard CAD/3D formats and wireless PC synchronization; the release does not state pricing or an availability date.

Coveo Solutions Inc.

Coveo Reports Second Quarter Fiscal 2027 Financial Results

Coveo reported second-quarter fiscal 2027 SaaS subscription revenue of $39.1 million and record new business bookings, including two seven-figure per year transactions closed during the quarter. The company also announced its acquisition of Anglera alongside the results.

Mastech Digital, Inc.

Mastech Reports Third Quarter 2026 Results

Mastech Digital reported third quarter 2026 results on Oct. 30, 2026, marking its second consecutive quarter of sequential revenue growth. The company attributes the growth to continued momentum in its Data & AI business.

Coveo Solutions Inc.

Coveo Acquires Anglera to Make Product Data a Competitive Advantage in AI-Powered eCommerce

Coveo is acquiring Anglera and combining its agentic product data enrichment engine with the Coveo platform. Coveo says the deal is meant to help manufacturers, distributors and enterprise retailers make products easier to find, compare and buy on their own eCommerce sites and through AI-powered shopping assistants.

Palo Alto Networks, Inc.