Ola acquires AI firm Pikup.ai to further enhance its deep tech skills
Category: #business  By Mateen Dalal  Date: 2019-08-14
  • share
  • Twitter
  • Facebook
  • LinkedIn

Ola acquires AI firm Pikup.ai to further enhance its deep tech skills
  • Startup Pikup.ai utilizes automated technologies like sensor fusion, computer vision, and Artificial Intelligence to offer AI-based solutions for businesses.
     
  • Ola is increasing company’s aim on utilizing deep technology and advanced analytics to create innovative mobility solutions for the country and the world.

Ola, an Indian transport company providing ride-hailing services to people reportedly announced the takeover of Pikup.ai, an Artificial Intelligence startup based in Bengaluru, for an amount that is not disclosed yet.

As a part of the agreement, Pikup.ai’s team would join Ola.

Ritwik Saikia and Inder Singh are the founders of Pikup.ai, the startup utilizes automated technologies like sensor fusion, computer vision, and Artificial Intelligence to serve AI-based solutions for businesses.

Ankit Bhati, Chief Technology Officer and co-founder of Ola stated that as the company progresses on its mission to create mobility for billions of people, it is investing in technologies that would mould mobility’s future in India, and eventually, in the world.

Bhati added that the company is thrilled to work with Pikup.ai team and looks forward to creating an innovative technology together that would help it in redefining mobility experience in the future.

Ola is increasing the company focus on utilizing deep technology and advanced analytics to create innovative mobility solutions for the country and the world.

Earlier, Ola had announced its intention to establish an Advanced Technology Center in San Francisco, USA with the aim of developing next-gen technologies in mobility such as autonomous, electric, and connected vehicles.

The company also stated that by having deep domain expertise in Ola through the acquihire, the company would also present innovations that continue to enhance safety and change customer experience

Co-founder of Pickup.ai, Inder Singh, stated that the company is looking forward to joining Ola on its aim to build mobility and is thrilled to build meaningful technology solutions which would have a greater impact on millions of lives each day.

 

Source Credit:

https://gadgets.ndtv.com/apps/news/ola-pikup-ai-acquisition-computer-vision-sensor-fusion-2084570

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More

More News By Mateen Dalal

Delta and Virgin Atlantic to expand transatlantic services by 2020
Delta and Virgin Atlantic to expand transatlantic services by 2020
By Mateen Dalal

This will be the first time that both the carriers will be serving Gatwick airport since their partnership in 2014 British airlines Virgin Atlantic and the American airline Delta recently announced increased services between the US and UK by the yea...

Sonnet to acquire Relief Therapeutics to develop atexakin alfa
Sonnet to acquire Relief Therapeutics to develop atexakin alfa
By Mateen Dalal

Sonnet proposes to pay 7,111,947 common shares and outstanding common stocks to Relief Therapeutics. Sonnet BioTherapeutics, Inc., a biotechnology company that develops innovative biologic drugs, has recently announced that it has entered into an ag...

China to announce its official digital currency soon in the market
China to announce its official digital currency soon in the market
By Mateen Dalal

The digital currency is likely to be ready after working on it for five years.   This digital currency won’t depend entirely on the blockchain, which is the main support of cryptocurrencies. China is soon to introduce its virtual cas...