A PBC is a for-profit company legally required to balance financial success with a positive public impact, unlike traditional corporations where profit is prioritized above all else. Additionally, a PBC embeds its mission into its legal structure.
For Quansight, this means:
Quansight LLC had two divisions working in tandem: the for-profit data science Consulting, and the not-for-profit Labs.
The Labs division is evolving into Quansight PBC. Former Labs co-directors continue to lead Quansight PBC by transitioning into CEOs: Ralf Gommers as CEO, Technology, and Tania Allard as CEO, Impact. Ashley Baal, COO, is continuing as a member of the leadership team. Founder and former CEO, Travis Oliphant, is joining the Quansight PBC Board. Read about Quansight PBC’s new mission statement, our commitments to the community, and thoughts from our leadership team in the press release: Quansight Transitions to a Public Benefit Corporation (PBC), Reinforcing Commitment to Sustainable Open-Source Software.
The AI Consulting division is being acquired by OpenTeams, a partner organization also founded by Travis Oliphant. Former CTO at Quansight, Dharhas Pothina, is joining the OpenTeams leadership team as their CTO. Learn more in the media coverage: OpenTeams Acquires Quansight’s AI Consulting Division to Accelerate Open Source AI for Enterprise and Government.
This transition strengthens our ability to support the open source tools and communities driving global innovation. Whether you’re a new or existing partner, contributor, or user of open-source software, we invite you to be part of our journey.
Explore our latest impact report: Quansight Labs annual report (2024)