Aarav Solutions, a global product engineering and IT consulting services provider today announced the acquisition of Froot Research, a provider of cutting-edge Artificial Intelligence platform for its out-of-the-box and state-of-the-art algorithms and products, for USD 4 million.
The acquisition will expand Aarav’s Solutions foray into the world of Artificial Intelligence and will enable the company to launch future-ready products and platforms.
As part of the acquisition, Aarav Solutions has boarded the entire Froot Research team and will make all necessary investments over the next few years to build a stronger AI R&D team, apart from setting up robust sales, marketing, design, and operations teams.
Source: bwdisrupt.businessworld.in
