Docomo Ventures invests in Singapore's Kpisoft

11 Apr 2019

NTT Docomo Ventures, a wholly owned subsidiary of NTT Group, has made an investment in Singapore-headquartered cloud-based enterprise management solutions provider Kpisoft.

NTT Docomo Ventures has acquired shares of Kpisoft through its third-party allotment, the company said. Financial details of the transaction were not disclosed.

According to Docomo Ventures, the solution provided by Kpisoft is designed to analyze data that exists in EPM, BI, human resources management and other relevant systems within an enterprise on a single platform. The solution has a function that can automatically distribute the analytical findings directly to individual employees in an action proposal form by using machine learning and natural language processing.

This enables enterprises to make use of analytical findings on enterprise performance and directly and automatically support the actions of individual employees, the company noted.

Docomo Ventures further said it has made the investment because it “highly expects” the services and knowhow Kpisoft provides will bring added values to EPM or BI the NTT Group offers.

Reliance Jio Digital Services acquires Haptik

Meanwhile India’s Reliance Industries, through its subsidiary Reliance Jio Digital Services, has acquired artificial intelligence firm Haptik for Rs 700 crore ($100 million).

Reliance Jio will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants, according to a company release.

As part of the transaction, Haptik’s existing major shareholder Times Internet will exit the company.

Akash Ambani, director at Reliance Jio Digital Services said the acquisition underlines the company’s commitment to further boost the digital ecosystem and provide Indian users conversational AI enabled devices with multi-lingual capabilities.

“We believe voice interactivity will be the primary mode of interaction for Digital India,” Ambani said in a statement.

“We are delighted to announce this partnership, and look forward to working with the experienced team of Haptik in realizing this vision for offering greater connectivity and rich communication experiences to the billion+ Indian consumers.”

Founded in 2013, Haptik is chat based virtual concierge mobile application. It client base includes Samsung, Coca-Cola, Future Retail, KFC, Tata Group, Oyo Rooms and Mahindra Group.

The Haptik team will continue to drive growth of the business, including the enterprise platform as well as digital consumer assistants.

“This transaction enables Reliance Jio to leverage Haptik’s capabilities across various devices and touch points in the consumer’s journey. The investment focus is on enhancement and expansion of the platform, with an addressable market opportunity of over 1 billion users in India,” the company said in a statement.

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