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Ola acquires Bengaluru-based AI start-up Pikup.ai
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SME Times News Bureau | 13 Aug, 2019
Ride-hailing service Ola on Tuesday announced the acquisition of
'pikup.ai', an artificial intelligence (AI) start-up based out of
Bangalore, for an undisclosed sum.
As part of the deal, the team at pikup.ai will join Ola. Co-founded
by Inder Singh and Ritwik Saikia, pikup.ai uses autonomous technologies
like AI, computer vision and sensor fusion to provides seamless
AI-powered solutions for businesses.
"As we advance on our
mission to build mobility for a billion people, we are investing in
futuristic technology solutions that will shape the future of mobility
in India and the world," said Ankit Bhati, co-founder and Chief
Technology Officer, Ola.
"We are very excited to welcome the
pikup.ai team to Ola and we look forward to co-creating innovative
technology that will help redefine the mobility experience in the times
to come," Bhati said.
Ola is increasing its focus on using
advanced analytics and deep technology to build futuristic mobility
solutions for India and the world.
Earlier this year, Ola
announced its intent to set up an Advanced Technology Centre in the San
Francisco Bay area to focus on developing next-generation technologies
in mobility like electric, connected and autonomous vehicles.
By
bringing deep domain expertise to Ola, this 'acquihire' will also
deliver innovations that continue to improve safety and transform
customer experience, the company said.
"We are looking forward
to joining Ola on its mission to build mobility for a billion people and
are very excited about building meaningful technology solutions that
have a deep impact on the lives of millions, every single day," said
Inder Singh, co-founder of pikup.ai.
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