MNetcore Solutions, a Global Marketing technology company, has acquired Quinto.ai, an AI chatbot start-up.
With the IP and talent acquisition, Netcore gets access to Quinto’s conversational AI-powered chatbot engine and its employees.
Quinto’s co-founder Hrishikesh Rajpathak also joins Netcore as Chief Data Scientist and will lead its Machine Learning and Conversation Analytics initiatives. Hrishikesh comes with over 12 years of experience in Machine Learning, Deep Learning, and Natural Language Processing (NLP) technologies.
Founded 4 years back, Quinto is a food recommendation platform which later pivoted to a conversational AI platform.
Quinto enables businesses to automate conversations with customers and improve customer experience. Businesses across verticals can use Quinto.ai’s always-on 24×7 chatbot for automated product discovery, recommendations, Inside sales and Live chat. Quinto can be integrated with Facebook Messenger, WhatsApp, Slack and other popular chat platforms.
Kalpit Jain, Group CEO, Netcore Solutions said, “With the growth of Chat Platforms such as WhatsApp and Facebook Messenger, Voice Assistants like Siri and Alexa, as well as Smart Speakers, it’s no surprise that Gartner predicts that by 2020, customers will manage 85% of their relationship with an enterprise without interacting with a human. We believe that Conversational AI will be a strategic asset for Marketers in their Martech stack and it will reshape how brands and customers interact with each other.”
Quinto was earlier backed by Rebel Foods Pvt Ltd (formerly known as Faasos Food Services Pvt Ltd), who now exits with this deal.
The deal was managed by Investment Bank Equirus Capital through Propeluss, a smart deal-making platform.