Tata Communication Invests in Sentient Technologies Artificial Intelligence Venture
A net amount of $103.5 million has been raised, as per the claims by Sentient Technologies to the Series C funding from Access Industries. The fund was raised by a group of companies that include the Tata Communications (Hong Kong), Horizons Ventures and a group of private investors in the fields of finance, consumer, food and beverage, and real estaté.
Sentient Technologies:
Sentient Technologies is known for its specialisation of distributing computing technology that helps companies use software that is used for managing complex tasks such as financial trading. The company operates distributed artificial intelligence on an unprecedented scale, routinely running multiple distributed AI jobs, on millions of AI processing nodes, producing actionable results validated on large and complex data sets. They now aim to solve the world’s most complex problems through the creation of a massively scaled artificial intelligence. Chief Strategy Officer of the Tata Group Company, Tri Pham states that Sentient offers a next gen infrastructure in the form of a service platform which makes use of scalable distributed computing technology.
Project Plans:
The start-up venture into the artificial intelligence space plans to make use of the funds to expand its range of products and services which will comprise of machines and software that feature artificial intelligence for its functioning.
No break up was provided by Tata Communications of the actual spend for the planned collaboration and project.
Tata Communications will also become ‘a preferred provider’ to Sentient and provide for services which will include data centre space, managed hosting and network services.
Benefits:
It is expected that the strategic investment that has been planned will help in bringing out more collaboration and commercial opportunities for both Sentient Technologies as well as Tata Communications.
Sentient is believed to be the forefront of all cutting-edge technologies and will bring a disruptive approach to cloud based computing services. Chief Strategy Officer of the Tata Group Company, Tri Pham also added that such collaboration is a perfect fit for Tata Communications in viewing the long term benefits. This strategy will serve anything as a service and managed services.
Source: Business Line
Artificial Intelligence Venture, Horizons Ventures, Sentient Technologies, Series C funding, Tata Communications, Tata Group company, Tri Pham
