artificial intelligence startup

Artificial Intelligence and deep learning startup ParallelDots has recently raised $1.4 million (around Rs 9.1 crore) in a fresh round of funding from its existing investor Multipoint Capital LLC. Delaware, US and Gurgaon, India based AI startup was founded in January, 2014 by Angam Parashar along with Ankit Narayan Singh and Muktabh Mayank and incubated at TLabs, a startup incubator managed by Times Internet. The newly infused capital will be use by the startup to increase the headcount of its technology team, as well as to support its expanding global footprint. The money will also be spent on general operational expenses. ALSO READ Google Uncovered Russia-Backed Ads on YouTube, Gmail : Source ParallelDots earlier raised a funding of $600K from Multipoint...

Facebook has recently acquired its former Head of Platform for Android, Charles Jolley's conversational AI Startup Ozlo. The Ozlo team is expected to join Facebook to work on natural language processing challenges. Ozlo will be working with Facebook on building experience powered by artificial intelligence and machine learning in blog post shown below. The four-year-old start-up claims that its virtual assistants can understand and provide answers to questions which do not have simple "yes" or "no" answers. Ozlo launched with a consumer-facing app in Oct. 2016 and with this acquisition it is no longer independent and the conversational AI space grows just a bit more consolidated. “1.2 billion people around the world use Messenger to connect with the people and businesses the...

Tag: artificial intelligence startup

Artificial Intelligence Startup ParallelDots Raises $1.4 Mn Funding

Facebook Acquires Artificial Intelligence Startup Ozlo For Messnger