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Leading conversational messaging platform <keyword id="755674" type="General" weightage="20" keywordseo="gupshup" source="Orion">Gupshup</keyword> on Tuesday said it has acquired <keyword id="3844675" type="General" weightage="20" keywordseo="active-ai" source="Orion">Active.Ai</keyword>, a conversational artificial intelligence (AI) platform used by banks and fintech firms, for an undisclosed sum. Headquartered in Singapore, <keyword id="3844675" type="General" weightage="20" keywordseo="active-ai" source="Orion">Active.Ai</keyword> serves BFSI customers across 43 countries with a conversational banking as a service (CBaaS) platform that helps clients engage with millions of consumers every month. "Active.Ai's robust CBaaS platform adds more vertical depth to our product stack, giving BFSI customers the tools to create intelligent, frictionless micro conversations with consumers using voice, video and messaging channels", said Beerud Sheth, Co-founder and CEO, <keyword id="755674" type="General" weightage="20" keywordseo="gupshup" source="Orion">Gupshup</keyword>. Active.Ai has enabled more than 300 million user interactions via voice, video and messaging, managed over 30 million service requests and fulfilled 50 million plus enquiries in aggregate. Active.Ai's customers include Axis Bank, Kotak Mahindra Bank, Tata Capital, IndusInd Bank and HDFC Securities Ltd in India. The acquisition will strengthen Gupshup's customer experience (CX) solutions for BFSI customers. "Active.Ai's conversational engagement platform powers leading financial enterprises across 43 countries," said Ravi Shankar, Co-founder and CEO, Active.Ai. "We are excited to partner with Gupshup to help shape the future of conversational engagement in the financial services space." Active.Ai's investors include InnoCells, Kalaari Capital, Vertex Ventures, Chiratae Ventures, CreditEase, DI and Kstart. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/tech/news/elon-musk-is-now-asking-if-people-want-an-edit-button-in-twitter/articleshow/90656209.cms">Elon Musk is now asking if people want an edit button after acquiring a 9.2% stake in Twitter</a> <a href="https://www.businessinsider.in/stock-market/news/sbi-cards-stock-falls-steeply-after-2-7-crore-shares-of-the-company-were-sold-in-a-block-deal/articleshow/90657796.cms">SBI Cards’ stock falls steeply after 2.7 crore shares of the company were sold in a block deal</a> <a href="https://www.businessinsider.in/stock-market/news/zomato-shares-dip-after-ccis-probe-order/articleshow/90656032.cms">Zomato stock dips nearly 3% after CCI’s probe order</a>

Tiger Global-backed Gupshup acquires conversational AI platform Active.Ai

The Indian <keyword id="9462187" type="General" weightage="20" keywordseo="space-economy" source="Orion">space economy</keyword> is currently valued at around Rs 6,700 crore ($8.4 billion) with a 2 per cent share in the global <keyword id="9462187" type="General" weightage="20" keywordseo="space-economy" source="Orion">space economy</keyword>. As per estimates by the Indian National Space Promotion and Authorisation Centre (IN-SPACe), the country's space economy is poised to reach Rs 35,200 crore ($44 billion) by 2033 with nearly 8 per cent of the global share. Clint Crosier, Director, Aerospace and Satellite, <keyword id="291131" type="General" weightage="20" keywordseo="aws" source="Orion">AWS</keyword>, told during the sidelines of the '<keyword id="291131" type="General" weightage="20" keywordseo="aws" source="Orion">AWS</keyword> re: Invent 2023' conference here that he is very bullish on India and is witnessing a faster rate of <keyword id="3588883" type="General" weightage="20" keywordseo="space-startups" source="Orion">space startups</keyword> being created in the country over the last year. "We have seen dozens and dozens of new <keyword id="3588883" type="General" weightage="20" keywordseo="space-startups" source="Orion">space startups</keyword> being established in India. This is because of the new government policies and investments, and the goal to increase by 4 times the amount of its share of the global space industry," Crosier emphasised. In September, AWS signed a strategic MoU with the Indian Space Research Organization (<keyword id="6358064" type="General" weightage="20" keywordseo="isro" source="Orion">ISRO</keyword>) and IN-SPACe to support space-tech innovations through cloud computing. This collaboration will give space startups, research institutes and students access to cutting edge cloud technologies that accelerate the development of new solutions in the space sector. "We look forward to helping customers in India build space-tech solutions to make life on Earth better," Shalini Kapoor, Director and Chief Technologist, Public Sector, AWS India and South Asia, had said. The three-way collaboration follows the recent approval of the Indian Space Policy, 2023 which provides a strategic roadmap for the growth and development of India's space programme and ambitions. Crosier said that the company is working from the smallest startups all the way up to the government organisations to help them improve their capabilities in the space sector. "We're supporting and working with a company called SatSure in India, which is using space-based data, and geospatial analytics to help with climate management decisions within the government in the country," he told IANS. SatSure is able to process those volumes of data, and turn large data into real-time, knowledge and insights by operating at the scope and speed of high performance compute and artificial intelligence and machine learning on AWS cloud. With at least 140 registered space-tech startups, India stands to transform the planet's connection to the final frontier. According to a latest report by The New York Times, startups in India have ambitious plans for capitalising on the burgeoning demand of small satellites in low-earth orbits. The startups like Skyroot Aerospace, Dhruva Space and Pixxel are among a cluster of startups that have been actively and closely working with the <keyword id="6358064" type="General" weightage="20" keywordseo="isro" source="Orion">ISRO</keyword>. The government has opened up the space sector for private players. In June during Prime Minister Narendra Modi's state visit to the US, the White House said that Modi and American President Joe Biden "called for enhanced commercial collaboration between the US and Indian private sectors in the entire value chain of the space economy". Crosier was recently in India and saw a great momentum going on in the <keyword id="6177850" type="General" weightage="20" keywordseo="spacetech" source="Orion">spacetech</keyword> sector. "We continue to sit down with the Indian startups. We continue to meet with them and understand their problems, looking at Cloud-based tools and capabilities and figure out where Ccloud can solve some of their problems," he noted.

Indian spacetech startups growing faster than ever, ready for perfect lift off: AWS

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Tiger Global-backed Gupshup acquires conversational AI platform Active.Ai

IANS

Indian spacetech startups growing faster than ever, ready for perfect lift off: AWS

IANS

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