New Delhi: Ride hailing company Ola on Tuesaday acqui-hired Pikup.ai, an artificial intelligence (AI) startup based out of Bangalore. Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like AI, computer vision and sensor fusion to provides seamless AI-powered solutions for businesses. As part of the deal, the team at pikup.ai will join Ola.
Ola is increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions for India and the world. The application of machine learning and AI will enable the company to identify deep insights that can lead to improved mobility outcomes. This will include investments in early-stage businesses, acquisitions as well as acquihires across AI, Machine Learning, Computer Vision and other emerging areas of deep technology, the company said in a statement.
Earlier this year, Ola announced its intent to set up an Advanced Technology Centre in the San Francisco Bay area, to focus on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles. By bringing deep domain expertise to Ola, this acquihire will also deliver innovations that continue to improve safety and transform customer experience.
Ankit Bhati, co-founder & CTO, Ola said, “As we advance on our mission to build mobility for a billion people, we are investing in futuristic technology solutions that will shape the future of mobility in India and the world. We are very excited to welcome the Pikup.ai team to Ola and we look forward to co-creating innovative technology that will help redefine the mobility experience in the times to come."
Inder Singh, co-founder, Pikup.ai, said, “We are looking forward to joining Ola on its mission to build mobility for a billion people and are very excited about building meaningful technology solutions that have a deep impact on the lives of millions, every single day."
Ola was founded in 2011 by Bhavish Aggarwal and Ankit Bhati with a mission to build mobility for a billion people.