July 24, 2021

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SoftBank Imaginative and prescient Fund 2 leads $140M funding in Vishal Sikka’s Vianai – TechCrunch

Vianai Methods, an AI startup based by former chief government of Indian IT companies large Infosys, stated on Wednesday it has raised $140 million in a spherical led by SoftBank Imaginative and prescient Fund 2.

The 2-year-old startup stated numerous business luminaries additionally participated within the new spherical, which brings its whole to-date increase to a minimum of $190 million. The startup raised $50 million in its Seed financing spherical, however there’s no phrase on the scale of its Collection A spherical.

Particulars about what precisely the Palo Alto-headquartered startup does is unclear. In a press assertion, Dr. Vishal Sikka stated the startup is constructing a “higher AI platform, one which places human judgment on the middle of methods that deliver huge AI capabilities to amplify human potential.” Sikka, 54, resigned from the highest position at Infosys in 2017 after months of acrimony between the board and a cohort of founders.

“Vianai helps its clients amplify the transformation potential inside their organizations utilizing quite a lot of superior AI and ML instruments with a definite method in the way it thoughtfully brings collectively people with know-how. This human-centered method differentiates Vianai from different platform and product firms and permits its clients to meet AI’s true promise,” the startup stated.

The startup claims it has already amassed most of the world’s largest and most revered companies together with insurance coverage large Munich Re as its clients.

Its buyers embrace Jim Davidson (co-founder of Silver Lake), Henry Kravis and George Roberts (co-founders of KKR), and Jerry Yang (founding associate of AME and co-founder of Yahoo). Dr. Fei-Fei Li (co-director of the Stanford Institute for Human-Centered AI), has joined Vianai Methods’ advisory board.

“With the AI revolution underway, we imagine Vianai’s human-centered AI platform and merchandise present world enterprises with operational and buyer intelligence to make higher enterprise choices,” stated Deep Nishar, Senior Managing Associate at SoftBank Funding Advisers, in an announcement. “We’re happy to associate with Dr. Sikka and the Vianai crew to help their ambition to meet AI’s promise to drive elementary digital transformations.”

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