Mountain View-based tech giant Google has purchased Bangalore, India-based artificial intelligence (AI) startup Halli Labs in a move that the AI company says is meant to bring more technology and information to a wider scope of individuals globally.
"Welcome Pankaj and the team at Halli Lbs to Google". We couldn't be more excited!
Halli Labs was co-founded this year by Pankaj Gupta, former CTO of Stayzilla, which recently shut down its services. In the post-Halli labs depict that it is born with the vision of applying modern machine learning ML techniques to the old issues and domains.
Some other significant takeovers from Google, which is laying its focus increasingly on Artificial Intelligence and Machine learning, include deep learning and neural networks start-up DNNresearch in 2013, United Kingdom firm DeepMind Technologies in 2014, data science host and machine learning platform Kaggle among others. "Looking forward to building some cool stuff together", tweeted Google's Vice President, Product Management, Caesar Sengupta on Wednesday.More news: From A Wrinkle In Time Online
Some of the things Halli Labs has been working on includes "speed recognition" and natural language processing.
The team will join Google's initiative that aims at helping the next billion users in India get online. In 2016, Google had opened an engineering hub in Singapore to help it recreate its products for mobile-first Southeast Asian users. According to research by CB Insights, Google has been the most aggressive in this space with 11 acquisitions since 2012 followed.
Even though India has become the third largest market for start-ups, acquisitions by global technology companies have been few.