Ride-hailing company Ola acqui-hired Pickup.ai,
an artificial intelligence (AI) startup based out of Bangalore. Pickup.ai uses
autonomous technologies like AI, computer vision and sensor fusion to provide
seamless AI-powered solutions for businesses. As part of the deal, the team at Pickup.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.
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 the customer experience.
Ola was founded in 2011 by Bhavish Aggarwal and
Ankit Bhati with a mission to build mobility for a billion people.
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