Ola acqui-hires AI and computer vision start-up Pikup.ai, mum on deal value

Ride-hailing firm Ola on Tuesday said it has acqui-hired Pikup.ai, a Bengaluru-based artificial intelligence start-up. Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like computer vision and sensor fusion (the aggregation of data from multiple sensors to gain a more accurate picture) to provide seamless AI-powered solutions for businesses. As part of the deal, the team at Pikup.ai will join Ola, but the company declined to reveal the financial details of the transaction.

“As we advance on our mission to build mobility for a billion people, we are investing in futuristic technology solutions that will shape the future of mobility in India and the world,” said Ankit Bhati, co-founder and chief technology officer, Ola. “We are very excited to welcome the Pikup.ai team to Ola and we look forward to co-creating innovative technology that will help redefine the mobility experience in the times to come,” he added.