Airtel Acquires Bengaluru-Based AI Startup AuthMe
Indian telecom leader Bharti Airtel has announced the acquisition of AuthMe ID Services, a Bengaluru based startup focused on Bogus Intelligence (AI)-based solutions.
As part of the "acquihire" deal, the cadre squad of AuthMe will bring together Airtel and will be a role of Airtel Ten Labs in Bengaluru, the company said, without disclosing the transaction amount.
Airtel set up up Airtel X Labs with the aim of driving cutting border innovation in the areas of AI, IoT (Internet of Things), augmented reality (AR) and virtual reality (VR).
"We are thrilled to bring on board a bunch of highly talented people who share our passion for edifice exciting digital solutions that benefit our customers," Harmeen Mehta, Global CIO, Bharti Airtel, said in a argument.
"Nosotros are rapidly scaling up Airtel X Labs, our digital innovation factory, and these new solutions will accelerate our journey towards rolling out intuitive digital products, especially in colloquial languages, for our 430 mn plus customers," Mehta said.
In add-on, Airtel has acquired the intellectual property rights for two flagship solutions developed by AuthMe.
One of these solutions is called the "Callup AI" which has created a chat and vocalism assistant that uses the power of AI to quickly and effectively resolve client queries over email, chat and phone calls.
Its features include voice integration, unsupervised learning capabilities. Built for vernacular languages with zero integration time, the solution is used by 10 companies across 3 countries in banking, finance, payments and housing domains.
The other solution, the "Fintech OCR", is an end-to-end Optical Character Recognition (OCR) pipeline congenital for fiscal documents.
The application is designed for processing KYC documents, depository financial institution/credit card/loan statements, marker sheets, and can be customized to process known formats of other documents. It can pick up any language with standard fonts.
Source: https://beebom.com/airtel-acquires-authme/
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