Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

Ola acquihires Bengaluru-based AI startup Pikup.ai

Indian cab aggregator Ola has announced the acquisition of Bengaluru-based artificial intelligence (AI) startup Pikup.ai on Tuesday.

As part of the deal, which value was not disclosed,  the team at Pikup.ai including founders Inder Singh and Ritwik Saikia will join Ola.

“We are looking forward to joining Ola in 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,” said Inder Singh, co-founder of Pikup.ai.

Pikup.ai works on technologies such as AI, computer vision and sensor fusion to build autonomous driving technologies.

The acquisition will fuel Ola’s plans to develop next-generation mobility technologies such as autonomous driving, electric and connected mobility. The company said it would do that also by setting up an Advanced Technology Centre in San Francisco.

“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,” said Ankit Bhati, Ola’s co-founder and chief technology officer.

Ola was founded in 2010 and currently operates across 250 cities across Australia, New Zealand, and the UK. The acquisition of Pickup.ai marks the sixth one for the company,  the last one being Ridlr (Real-Time Traffic Alerts) which Ola acquired in April 2018.

“We are investing in futuristic technology solutions that will shape the future of mobility in India and the world,” Bhati said. “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.”

Image via PXhere.

SHARE THIS ARTICLE:
BY SHACK15

Co-working space and blog dedicated to all things data science.

Subscribe to our newsletter