HDFC Bank has developed a humanoid to assist its customers

HDFC Bank has developed a humanoid to assist its customers

HDFC Bank has developed a  interactive humanoid IRA (Intelligent Robotic Assistant) in partnership with Asimov Robotics Bengaluru – Jan 28, 2016. RedNewswire/- HDFC Bank bring in humanoid in partnership with a startup Asimov Robotics based up in Kochi. The humanoid has been deployed at their Kamla Mills branch in Mumbai which will guide customers to the various counters like cash deposit, foreign exchange & loan among others. The IRA communication language will be English as of now….

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Guruprit Ahuja & Sabarinathan Sampath take leadership roles at RackNap

Guruprit Ahuja & Sabarinathan Sampath take leadership roles at RackNap

Guruprit Ahuja (Ex-Director Middle-East & Africa, Acronis) and Sabarinathan Sampath (Ex-Professional Services Director, Ingram Micro Cloud) Take Leadership Roles at RackNap Mumbai – Jan 6, 2017. RedNewswire/–  RackNap, a unified cloud services automation and business cycle management platform, today announced the appointment of Guruprit Ahuja as Chief Executive Officer, and Sabarinathan Sampath as Chief Operating Officer. The move is significant for the IT and cloud industry as both Guruprit Ahuja and Sabarinathan Sampath have held…

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Google launches AI Experiments, a new and fun way to experience neural networks

Google launches AI Experiments, a new and fun way to experience neural networks

Google today launched a new project called AI Experiments that offers users a new and exciting way to appreciate the magic behind neural networks. New York, 16th Nov., 2016, Red Newswire/- The future of technology lies with artificial intelligence and cloud computing. With that in mind, Google has today launched a new project called AI Experiements which introduces a platform that will help users appreciate the amazing ways in which neural networks work. The website…

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City Union Bank develops India’s first banking robot ‘Lakshmi’

City Union Bank develops India’s first banking robot ‘Lakshmi’

Lakshmi can answer all the queries of the customers in a simple and interactive way. It can answer question related to 125 subjects Chennai-Nov 11, 2016. Rednewswire/- India’s very first robot named ‘Lakshmi‘ made its debut in Chennai on Thursday. The robot is launched by the City Union Bank. Lakshmi is the country’s first bank-helper robot. Apart from being intelligent, fast and interactive, the robot has amazing features which will be very beneficial for both…

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Alexa skills are now up for grabs on Amazon.com

Alexa skills are now up for grabs on Amazon.com

In a bid to make Amazon’s smart assistant smarter than ever, the company announced that Alexa’s skills will now will available for users to buy on Amazon.com. World, 6th Nov., Red Newswire/- Artificial Intelligence is the future and what’s a future without development. While most of the smart assistants today are versatile, they don’t actually hold is any specific skills that users might need more than others. Amazon is trying to change this now, however….

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Robotic machine to assist in farming? Get Ready!

Robotic machine to assist in farming? Get Ready!

Farmer from Tamil Nadu who also owns a degree from IISC invents robotic machine which can replace human labour in farming industry.  New Delhi-Oct 23, 2016. Rednewswire/- GRoboMac is a robotic machine which can help you in harvesting row-type crops like ladyfinger, brinjal, tomatoes and cotton. The machines are being developed by a startup named Green Robot Machinery (GRM) which started its operations two years back. The founder of this brilliant technology in Manohar Sambandam…

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Key skills required to make it big in the future of jobs

Key skills required to make it big in the future of jobs

Workers are required to have advanced technical and interpersonal skills to prevent risking their jobs in the near future New Delhi- Oct 9, 2016. Rednewswire/- Can you image a robot doing your job? Well people who don’t see automation coming will simply deny but unfortunately you have to start reconsidering. According to a study, Future Of Jobs conducted by The World Economic Forum, 5 million people may lose their jobs by the year 2020 owing…

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Hyderabad based AI startup “Tuplejump” gets acquired by Apple

Hyderabad based AI startup “Tuplejump” gets acquired by Apple

Tuplejump is Apple’s first acquisition in India Hyderabad – Sept 24, 2016. 18:49 IST. RedNewswire/- Apple acquired Hyderabad-based AI startup Tuplejump, which specialises in faster storage, processing and analysis of big sets of data. However, the amount at which it got acquired remains undisclosed. Tuplejump has round 16 employees and all are in the process of becoming Apple staffers. Apple said in a statement, “Apple buys smaller technology companies from time-to-time, and we generally do not discuss…

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Employee engagement platform “inFeedo” has raised an undisclosed Angel funding

Employee engagement platform “inFeedo” has raised an undisclosed Angel funding

InFeedo is a web-based platform for idea generation, problem solving and consensus building within an organization. Gurgaon – Sept 17, 2016. RedNewswire/- HR analytics startup inFeedo, founded by 21 year old Tanmaya Jain has raised an undisclosed amount in angel funding round. The round was led by Dheeraj Jain, Managing Partner at Redcliffe Capital and Palash Jain, ex-head of Google India core operations. inFeedo has created an AI enabled chatbot called Amber to engage with employees to seek feedback,…

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AI startup “Imagimob” has fundraised $935K from Stoaf

AI startup “Imagimob” has fundraised $935K from Stoaf

The company will use the funds to accelerate R&D, expand international sales activities and to strengthen the company’s IP portfolio Stockholm – sept 02, 2016. RedNewswire/- Sweden-based AI startup Imagimob, has raised up to $935K in equity and debt funding in a Series A funding round led by Stockholm Business Angels (Stoaf). Imagimob has developed Sensorbeat product to learn about motion by using the sensor data from wearables or other devices. Sensorbeat is a software package using…

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Mad Street Den has pulled in an undisclosed Series A funding round from Sequoia Capital India.

Mad Street Den has pulled in an undisclosed Series A funding round from Sequoia Capital India.

MadStreetDen offers a cloud based platform for developers to incorporate AI components in their apps as per their requirements. Chennai – Sept 01, 2016. RedNewswire/- Artificial intelligence start-up Mad Street Den Systems Pvt. Ltd has raised an undisclosed amount in a Series A funding round from Sequoia Capital and its existing investors Exfinity Venture Partners LLP and GrowX Venture Management Pvt. Ltd. Its cloud-based platform, called MAD Stack, enables any smartphone with a camera to identify faces,…

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Personal mobile assistant app Mihup raises $6.7 mn funding from Accel Partners

Personal mobile assistant app Mihup raises $6.7 mn funding from Accel Partners

Mihup is a chat based personal assistant mobile app enabled by artificial intelligence Kolkata – August 31, 2016. RedNewswire/- AI enabled personal chat based assistant app Mihup has secured $6.7 million in Series A funding round from Accel Partners. The funds will be used to develop the software and hardware of Mihup’s speech recognition system and man-machine interface. Mihup co-founder Tapan Burman told that Accel is picking up close to 20% stake in the company and…

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This 3 month old startup was acquired for $680 million & it’s history

This 3 month old startup was acquired for $680 million & it’s history

How do you sell a company you started 3 months earlier for $680 million? That’s what Anthony Levandowski just did. He started his company, Otto, in May, and sold it this week to Uber. AUTHOR: Roger Hamilton Here’s 3 steps that Anthony took in one of the fastest startup-to-sale stories in history: > RIDE A WAVE At 16 years old, in 1997, Anthony started his first business building websites. But then thought “there was no…

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Malaysian wealth fund Khazanah invests $100 million in Fractal Analytics

Malaysian wealth fund Khazanah invests $100 million in Fractal Analytics

Malaysian wealth fund Khazanah invests $100 million in Fractal Analytics Bengaluru | Red Newswire | May 11 1:23 PM IST. The sovereign wealth fund of Malaysia – Khazanah has pumped $100 million (Rs. 667 crore) in Fractal Analytics, a data analytics company. this makes it the biggest investment 0f 2016 in the field of technology. Fractal Analytics is an India and US-based company currently a $300 million company. With the funding received, the company plans to invest…

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AI Marketing startup Persado raises $30 mn funding led by Goldman Sachs

AI Marketing startup Persado raises $30 mn funding led by Goldman Sachs

Persado has raised $30 million of outside funding, led by Goldman Sachs. American Express, Citi, Bain Capital and StarVest ventures were other investors involved. Persado is a marketing tool that uses an AI based platform to enhance messages or check them for insensitivity or inappropriateness. Machine learning, natural language processing and emotional language data come together in this software. It uses a large database of word combinations, emotional perspectives and slight variations in phrasing to gauge the…

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