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Krutrim acquires BharatSahAIyak from tech consulting firm Samagra

EntrackrEntrackr ยท 3m ago
Krutrim acquires BharatSahAIyak from tech consulting firm Samagra
Medial

Krutrim acquires BharatSahAIyak from tech consulting firm Samagra. The acquisition is aimed at helping the company accelerate deployment of its technology across public infrastructure, including sectors like healthcare, education, and governance. Bhavish Aggarwal-led AI startup Krutrim has acquired BharatSahAIyak, a company focused on public-sector AI solutions, from technology consulting firm Samagra. The terms of the deal were not disclosed. Launched in 2023, Krutrim has been building a full-stack AI ecosystem with proprietary models in language, vision, and speech. The acquisition is aimed at helping the company accelerate deployment of its technology across public infrastructure, including sectors like healthcare, education, and governance. BharatSahAIyak has been working on AI-led implementations for public services. The acquisition gives Krutrim a stronger execution arm for real-world use cases, particularly in partnerships with government agencies. โ€œThis integration enhances our ability to build AI that is inclusive, intuitive, and deeply rooted in the lived realities of India. With Krutrim, we remain committed towards making โ€˜AI for allโ€™ a reality, empowering every individual with technology they can truly call their own,โ€ said an Ola Krutrim spokesperson. The deal follows a series of recent announcements by Krutrim, including the launch of Krutrim AI Lab and BharatBench, an open-source initiative for Indian AI research. The company has also revealed plans to scale its data center capacity to 1 GW by 2028 and has committed up to $1.2 billion in funding over the next few years. Krutrim has raised approximately $75 million and joined the unicorn club in January 2024. Its investors include Z47 (formerly Matrix), the Sarin Family, and others. The company was recently in the news regarding a potential new fundraise. However, Krutrim has officially denied any such discussions. The acquisition comes at a time when three senior leaders have exited Ola Krutrim. As per an ET report, Senior Director John Williamson, Head of Engineering Dinesh Mittal, and Director of Applied AI Sharath Adavanne have recently left the company.

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Olaโ€™s Krutrim cuts 50 jobs in linguistics team: Report

EntrackrEntrackr ยท 1m ago
Olaโ€™s Krutrim cuts 50 jobs in linguistics team: Report
Medial

Olaโ€™s Krutrim cuts 50 jobs in linguistics team: Report Krutrim, the AI unit of Ola, has laid off around 50 employees from its linguistics team in its third round of job cuts since June, according to an ET report. Those affected include team leads and transcribers for regional languages such as Bengali, Malayalam, and Punjabi. In total, more than 200 employees have left the company so far this year, including leadership exits. Earlier in July this year, Krutrim sacked more than 100 employees in its second round of layoffs. The layoffs come as Krutrim works on its largest language model, Krutrim 3, which will be a multibillion-parameter model. In an official statement to the media, the company said the cuts are part of a โ€œstrategic realignmentโ€ as it builds leaner teams to focus on its AI platform. It added that the current data annotation phase involving linguistics work has been completed. Since April, at least six senior executives, including heads of AI data, software engineering, cloud architecture, and corporate finance, have quit. This follows over 20 earlier exits across levels in FY25. Krutrimโ€™s AI products, including Krutrim Cloud and its large language model offerings, have yet to gain traction due to technology gaps. Its AI assistant app Kruti has been downloaded 207,000 times since launching in June, according to SensorTower. Krutrim has raised approximately $75 million and joined the unicorn club in January 2024. Its investors include Z47 (formerly Matrix), the Sarin Family, and others. In December last year, Aggarwal pledged his Ola Electric shares to secure debt funding through debenture issuance for Krutrim. Krutrim was also reportedly in talks to raise $300 million in a new funding round. However, the company denied it officially. The company has also revealed plans to scale its data center capacity to 1 GW by 2028 and has committed up to $1.2 billion in funding over the next few years. Recently, Krutrim also acquired BharatSahAIyak, a company focused on public-sector AI solutions, from technology consulting firm Samagra.

Xoriant acquires MapleLabs to expand its platform engineering capabilities

Economic TimesEconomic Times ยท 1y ago
Xoriant acquires MapleLabs to expand its platform engineering capabilities
Medial

US-based consulting and IT services firm Xoriant has acquired Bengaluru-based product engineering firm MapleLabs. The acquisition aims to enhance Xoriant's capabilities in platform engineering, product development, and cloud native applications. MapleLabs brings expertise in hybrid cloud infrastructure, observability, and Site Reliability Engineering (SRE). The financial details of the deal were undisclosed. Xoriant, backed by private equity firm ChrysCapital, aims to strengthen its position in the digital engineering space and provide innovative solutions to its global clients. This is Xoriant's second acquisition following the acquisition of Bengaluru-based consulting firm Thoucentric in 2023.

Tech giant Accenture acquires Bengaluru-based Cientra Techsolution

VCCircleVCCircle ยท 1y ago
Tech giant Accenture acquires Bengaluru-based Cientra Techsolution
Medial

Accenture, the IT services and consulting company, has acquired Cientra Techsolution, a silicon design and engineering services company. This acquisition follows Accenture's recent acquisition of semiconductor design services provider Excelmax Technologies. Cientra, founded in 2015, has offices in the US, Germany, and India, and specializes in engineering, development, and testing for industries such as automotive, telecommunications, and high-tech. This acquisition will enhance Accenture's silicon design capabilities and enable them to better assist clients with semiconductor innovation. Cientra brings approximately 530 engineers and practitioners to Accenture. Financial details of the deal were not disclosed.

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