Google acquires Bengaluru-based startup Halli Labs
Halli Labs becomes the latest AI start up to be acquired by a technology giant after a mass of similar acquisitions by firms such as Microsoft, Facebook, Apple.
Google on 12 July 2017 acquired Bengaluru-based artificial intelligence startup Halli Labs for an undisclosed sum.
Halli Labs was founded in 2017 by Pankaj Gupta with the goal of applying modern artificial intelligence and machine learning techniques to solve old problems.
Pankaj Gupta, an Indian Institute of Technology Delhi and Stanford University alumnus, has earlier served as Chief Technology Officer of online homestay aggregator Stayzilla and as senior data scientist at Twitter.
Halli Labs becomes the latest AI start up to be acquired by a technology giant after a mass of similar acquisitions by firms such as Microsoft, Facebook, Apple among others. Over 30 artificial intelligence startups have been acquired in the first quarter of this year.
Google has been the most aggressive buyer in this space with 11 acquisitions since 2012 followed by Apple, Facebook and Intel.
Some of the acquisitions by Google in AI include DNNresearch in 2013; British company DeepMind Technologies in 2014; visual search startup Moodstock, bot platform Api.ai in 2016 and analytics platform Kaggle in the first quarter of 2017.