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Uniphore acquires ActionIQ and Infoworks

EntrackrEntrackr ยท 8m ago
Uniphore acquires ActionIQ and Infoworks
Medial

Uniphore, an enterprise-class and AI-native company, has acquired two data companies, ActionIQ and Infoworks. These strategic acquisitions extend its comprehensive end-to-end Enterprise AI platform and aim to deliver the industryโ€™s first Zero Data AI Cloud, Uniphore said in a press release. According to Uniphore, with these acquisitions, customers will gain access to a comprehensive suite of AI capabilities. This will allow organisations to move beyond proof-of-concept AI trials into full-scale implementation, accelerating their digital transformation. Uniphore states that its Zero Data AI Cloud is built on an infrastructure-agnostic architecture that creates a seamless data fabric across any data platform, enterprise application, or cloud environment. ActionIQ is a composable zero-copy data Platform, enabling enterprises to connect all data, from anywhere, and make it AI-ready without the need for lengthy integration or ETL projects. While Infoworks contributes its Enterprise Data Platform, which includes intelligent AI data agents capable of discovering, identifying, organising, cataloguing, and cleaning enterprise data with minimal human intervention. With these acquisitions, its combined expertise and technology will enable enterprises to leverage all their data for AI initiatives without the need to move, transform, or copy it, significantly accelerating results from years to weeks. Uniphore says it offers multi-layered AI architecture, consisting of a composable data layer, knowledge layer, model layer, and agentic layer. Each layer is equipped with feature-rich solutions, with continued investments planned in each area. With this 4-layer approach, customers can fully leverage its suite of end-to-end AI capabilities through an open architecture, ensuring data sovereignty and enterprise-grade scalability. Organisations maintain complete control while deploying AI solutions at any scale. Uniphore claims that it empowers over 750,000 end-users across 1,600 enterprises in 20 countries.

New Enterprise Associates-backed Uniphore acquires two data technology firms

VCCircleVCCircle ยท 8m ago
New Enterprise Associates-backed Uniphore acquires two data technology firms
Medial

Conversational automation platform Uniphore Technologies Inc. has acquired data technology firms ActionIQ and Infoworks to enhance its capabilities and launch the industry's first "Zero Data AI Cloud." The financial details of the acquisitions were not disclosed. Uniphore aims to tackle challenges in AI adoption, such as data accessibility and integration complexities, by offering an AI cloud solution that enables enterprises to deploy AI without extensive data migrations. ActionIQ specializes in customer data platforms, while Infoworks provides automation capabilities for data preparation. Uniphore has previously acquired companies such as Colabo, Emotion Research, Jacada, and obtained an RPA license from NTT Data.

Uniphore has early-mover advantage as there is secular demand for AI today: CEO Umesh Sachdev

Money ControlMoney Control ยท 1y ago
Uniphore has early-mover advantage as there is secular demand for AI today: CEO Umesh Sachdev
Medial

Uniphore, a startup incubated at IIT Madras, has made significant investments in knowledge AI, emotion AI, and generative AI. With a growing client base, increased geographical demand, and surging revenues, the company's AI-native advantage is evident. Uniphore recently inaugurated its 'India AI Innovation Hub' in Chennai, reaffirming its commitment to the city. The company plans to focus on gen AI and emotion AI research and will hire talent accordingly, capitalizing on its unique position as an AI-native company. Despite the generative AI buzz, Uniphore's steady growth has been largely unaffected, with clients focusing more on AI's business outcomes. The adoption of AI products has increased, and the company is experiencing significant revenue growth. Expanding into new markets, including India, Uniphore aims to create Chennai as the AI hub of India. It recognizes India's potential to be a global supplier of AI talent. While AI will make employees more efficient, reskilling is essential to adapt to changing job requirements. US President Joe Biden's order to regulate AI is welcomed, as it addresses the need for responsible guardrails. Uniphore's business roadmap for 2024 includes reaching a billion dollars in Annual Recurring Revenue (ARR), raising over $600 million in capital, geographic expansion, and entering new segments such as marketing and HR. An eventual IPO is part of the plan, but the timing will depend on business development.

Ampivo AI acquires 51% stake in Commerce Forever

EntrackrEntrackr ยท 4m ago
Ampivo AI acquires 51% stake in Commerce Forever
Medial

Ampivo AI acquires 51% stake in Commerce Forever Ampivo AI, a multi-modal AI solutions provider, has acquired a majority stake (51%) in Commerce Forever Solutions. This move aims to grow and strengthen Ampivo AIโ€™s role in the e-commerce space by using its AI technology for real-world B2B applications. Commerce Forever closed the financial year 2024-25 with net sales of Rs. 115 crore. According to Ampivo AI, it will be deploying advanced predictive AI technology in Commerce Forever to enable long-term cost optimization. This move allows it to step into an untapped segment of B2B commerce with the help of Commerce Foreverโ€™s established operational infrastructure in the Indian Market. While the leadership role and day-to-day activities remain the same, the focus of the integration will be embedding AI across key business processes, with clearly defined KPIs centred around enhancing cost efficiency. As a part of this stock-based acquisition, Commerce Forever will retain its existing brand identity while integrating into the larger Ampivo Ecosystem. Ampivo AI states that this acquisition opens up new opportunities for it to showcase how its technology can bring about operational efficiency and cost savings across the B2B e-commerce value chain. Commerce Forever provides a background in back-end e-commerce operations, and Ampivo AI provides the technology to automate, forecast, and optimize those operations. The two businesses view this collaboration as a platform for scalable innovation within the e-commerce space. Ampivo is a multi-modal AI solutions provider specializing in conversational AI and predictive insights. The company enables B2B clients to scale efficiently by streamlining and optimizing business processes through intelligent automation. It caters to clients in the healthcare and e-commerce sectors and is now expanding its footprint into the finance industry, leveraging its expertise to drive innovation and efficiency across new verticals.

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