Technology giant Google had made its new acquisition in India by acquiring a 4-month old AI startup Halli Labs for an undisclosed amount. Halli Labs announced both on its website and blog site Medium that its team was joining Google but didn’t divulge further details.
The Bangalore-based startup was founded in 2017 by former Stayzilla Employees Pankaj Gupta. Halli Labs is an Indian deep learning and machine learning systems development company. The startup has been working on includes “speed recognition” and natural language processing.
“Halli Labs was founded with the goal of applying modern AI and ML (Machine Learning) techniques to old problems and domains?—?in order to help technology enable people to do whatever it is that they want to do, easier and better. Well, what better place than Google to help us achieve this goal,” the company said in a blog.
According to research by CB Insights, 34 artificial intelligence startups have been acquired in the first quarter of this year, which is double the number compared to the year-ago period. The study also notes that Google has been the most aggressive in this space with 11 acquisitions since 2012 followed by Apple, Facebook, and Intel.
Caesar Sengupta, vice-president, product management, Google, tweeted “Welcome @Pankaj and the team at @halli_labs to Google. Looking forward to building some cool stuff together.”
A Google spokesperson said, “We are excited that the Halli Labs team is joining Google. They’ll be joining our team that is focused on building products that are designed for the next billion users coming online, particularly in India.”
Pankaj Gupta is an alumnus of Indian Institute of Technology Delhi and a Ph.D. in computer science from Stanford University. He was not available for comment at the time of publishing this report. Read more about Indian Startup Ecosystem.
Recommended for you
Leave a Reply
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.