Swiggy acquihire AI start-up Kint.io

 Online food delivery platform, Swiggy has acquihired Kint.io, a Bengaluru based artificial intelligence startup which applies dep learning and computer vision to object recognition in video, the company said in a statement.

Last year, the food delivery platform brought industry veteran Dale Vaz as head of engineering to lead its efforts in building the next generation AI driven platform for hyperlocal discovery and on-demand delivery.

The team at Kint.io will join Swiggy to boost its computer vision technology and superior consumer experience. As part of this acquihire, the founding members of Kint.io, Pavithra Solai Jawahar and Jagannathan Veeraraghavan will join the Swiggy team.

“The team at Kint.io comes with an exceptional understanding and expertise in AI, machine learning and data sciences. This acquihire is part of Swiggy's strategy to scale our tech prowess by bringing in entrepreneurial teams that can solve unique customer problems while leveraging the network and resources at Swiggy. We provide a unique mix of strong entrepreneurial DNA and professional leadership that gives startup teams the ownership and leverage to move fast and make a big impact,” said Dale Vaz, Head of Engineering and Data Sciences at Swiggy.

“The team joins us at a very exciting time. The focus has never been more intense on building industry-changing technology in AI and other areas. We look forward to working together on great new features and capabilities,” he added.

In December last year, ET had reported that Swiggy had mopped up $1 billion in funding led by existing backer, South African media giant Naspers, besides entry of new investors like China’s Tencent and hedge funds Hillhouse Capital and Wellington Management. While Swiggy has raised a total of $1.31 billion across three financing rounds in 2018, Zomato, its Gurugram based rival had mopped up around $410 million in two rounds.

Source:-https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/swiggy-acquihire-ai-start-up-kint-io/67829777