TechLair

  • Home
  • contact
  • About
  • Privacy Policy

Airtel Acquires Bengaluru-Based AI Startup AuthMe

Wednesday, October 3, 2018 by Piyush Suthar | Comments

Home News Tech Airtel Acquires Bengaluru-Based AI Startup AuthMe

Indian telecom leader Bharti Airtel has announced the acquisition of AuthMe ID Services, a Bengaluru based startup focused on Artificial Intelligence (AI)-based solutions.

As part of the “acquihire” deal, the core team of AuthMe will join Airtel and will be a part of Airtel X Labs in Bengaluru, the company said, without disclosing the transaction amount.

Airtel set up Airtel X Labs with the aim of driving cutting edge innovation in the areas of AI, IoT (Internet of Things), augmented reality (AR) and virtual reality (VR).

“We are thrilled to bring on board a bunch of highly talented people who share our passion for building exciting digital solutions that benefit our customers,” Harmeen Mehta, Global CIO, Bharti Airtel, said in a statement.

Airtel Payments Bank Must Perform KYC Of Users Again: RBI

“We are rapidly scaling up Airtel X Labs, our digital innovation factory, and these new solutions will accelerate our journey towards rolling out intuitive digital products, particularly in vernacular languages, for our 430 mn plus customers,” Mehta said.

In addition, Airtel has acquired the intellectual property rights for two flagship solutions developed by AuthMe.

One of these solutions is called the “Callup AI” which has created a chat and voice assistant that uses the power of AI to quickly and effectively resolve customer queries over email, chat and phone calls.

Its features include voice integration, unsupervised learning capabilities. Built for vernacular languages with zero integration time, the solution is used by 10 companies across three countries in banking, finance, payments and housing domains.

The other solution, the “Fintech OCR”, is an end-to-end Optical Character Recognition (OCR) pipeline built for financial documents.

The application is designed for processing KYC documents, bank/credit card/loan statements, mark sheets, and can be customized to process known formats of other documents. It can pick up any language with standard fonts.




Authored by Piyush Suthar
Pro Blogger


Follow me on Twitter, Facebook, Google+, YouTube.

Load comments
  • Newer Post
  • Home
  • Older Post
  • techlair
    Over 1,500+ Readers

    Get fresh content from TechLair

    brand222 facebook brand2 envelope-o

    BEST OF TechLair

    Kerala Floods Rescaue: Here’s How You Can Contribute to The Relief Effort
    Redmi Note 8, Note 8 Pro India Launch Within 8 Weeks, Confirms Xiaomi
    Amazon Great Indian Festival: Massive Discount on Bose QC 35 II (20% Off)
    5 Useful Gadgets To Buy This Women’s Day in India


    Copyright © 2019 TechLair. All rights reserved.
    Privacy Policy • DMCA • Contact