Bengaluru (Karnataka) [India], Aug 12 (ANI): Local language technology platform VerSe Innovation said on Thursday it has raised and signed definitive documents for 450 million dollars (about Rs 3,349 crore) in a series one funding round from marquee global investors Siguler Guff, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II and others.
Local language technology platform VerSe Innovation said on Thursday it has raised and signed definitive documents for 450 million dollars (about Rs 3,349 crore
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Local language technology platform VerSe Innovation on Tuesday announced that it has acquired Cognirel Technologies, a Bengaluru-based AI solutions provider. VerSe will bring on board Cognirel Founder Ram Prakash to head its newly instituted AI Lab, it said in a statement. Financial details of the transaction were not disclosed. “This acquisition bolsters VerSes commitment to creating cutting-edge digital capabilities to serve the emerging content needs of millions of consumers using technology”, it said. “Today, VerSe Innovations proprietary technology platform powers 300 million-plus users to consume content in their local language on Dailyhunt”, the statement said. The acquisition of Cognirel is Bengaluru-headquartered VerSes first since becoming a Unicorn in December 2020.
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