Friday, 12 July 2019

Samsung Venture makes First Investments in India

Being a leader in innovation, Samsung closely works with a host of startups committed towards building innovative and purposeful technologies across the globe and in India. The company’s investment arm has decided to make its investments in a system apps company OSLabs (Indus OS), speech technology startup Gnani.ai, IoT solutions provider Silvan Innovation Labs and an early stage computer vision startup.

OSLabs has developed a curated app store, Indus App Bazaar, which has a collection of over 400,000 mobile apps in multiple Indian languages. Bangalore-based Gnani.ai works in the space of automatic speech recognition and natural language processing in Indic languages for building voice assistants and for speech analytics.  Silvan Innovation Labs is a leader in IoT solutions for homes and enterprisesand has pioneered solutions for smart spaces. The startup provides solutions that address safety, security, comfort, convenience and energy management.

   “Samsung is committed to work with and invest in promising Indian startups. This will be a win-win for both as it will help startups scale their solutions through this deep engagement while we get an opportunity to enrich our offerings to our consumers,” said Dr. Aloknath De, Corporate Vice President and Chief Technology Officer, Samsung R&D Institute Bengaluru.         

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