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

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

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

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

By Mateen Dalal

GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies will continue to work together. General Motors (GM) has agreed to recover around USD 1.9 billion f...

Tata Motors records 25% jump in global sales in second quarter of 2021

Tata Motors records 25% jump in global sales in second quarter of 2021

By Mateen Dalal

The automaker’s annual wholesale growth has been around 24%. The company saw a 10% rise in passenger car sales during Q2 2021, as compared to the same period in 2020. Tata Motors Limited reported substantial growth in Q2 2021, with its glo...

Carbon Budgets for corporate business travels to hit airlines: Report

Carbon Budgets for corporate business travels to hit airlines: Report

By Mateen Dalal

With major companies considering ways to reduce carbon emissions from corporate travel, airlines are preparing for a setback in business-class travel, which is an important revenue driver according to industry experts and executives. The airline ind...