Aarav Solutions, which is an Ahmedabad-based IT startup, has expanded its AI space, and soon the company would launch AI-related products and platforms as the company has acquired Froot Research, an AI startup. The acquisition happened for $4 million.
Froot Research has become the sister company of Aarav Solutions because of its acquisition and not the company would work under the brand name, Aarav. Aarav Solutions has now got the benefit that due to this acquisition they now would be able to enter the market of the work based on extensive Research conducted by IITs, NITs, MIT, and other institutes in the field of IP intelligence, on broader AI applications, automobile-machine intelligence, etc.
Aarav Solutions, an IT consulting services provider, would infuse capital in Froot Research so that the AI Research and Development team becomes stronger and they would also focus on building a robust team for sales, marketing, and design aspects of the products. The company would try to make the operative procedures of Froot Research smoother with time.
Froot Research is a platform that provides cutting-edge Artificial Intelligence and is known for thinking out of the box. The company has built algorithms and products that are state-of-the-art. After acquiring Froot Research, Aarav Solutions would focus on building future-ready products and platforms.
Aarav Solutions, as the company has committed to providing a variety and quality products to various cities and countries globally and this acquisition is just a part of that expansion. The acquisition of Froot Research has made it possible for Aarav Brand to enter the world of the most innovative System Integrators.
“We are excited to welcome Amit Gautam and Froot Research to the Aarav Solutions family. Their team of experienced professionals and innovative approach will be a great asset as we continue to empower businesses with next-generation technology. Enterprise digital transformation is a serious business and investing in core and emerging technologies is a clear strategy for us for a futuristic line of products and services. Froot Research has built a strong and credible research-based Core AI platform that will enable us to align with our future vision and strategy. The knowledge and technological expertise Froot Research brings with it, is beyond AI. It is an exceptional ground-breaking future intelligence.” This was stated by Mr. Raj Darji, who is the founder of Aarav Solutions.
Read More: Preimage raises money from Pi Ventures
This acquisition would enable businesses to shape their future with digital transformation, machine learning and deep learning, neural networks, and other technological advances.