Samsung Venture Unit reinstates four Indian startups with an investment of $ 8.5 million

Samsung Venture Unit reinstates four Indian startups with an investment of $ 8.5 million

Samsung Venture Investment Corporation (SVIC), which is the investment arm of Samsung, which actively invests in future-oriented businesses in Globe, has announced its first investment in India, which is in the four Indian startups. The total is 8.5 million USD.

Being a pioneer in innovation, Samsung works closely with a host of startups committed to building innovative and purposeful technologies across the world and in India. The investment arm of the company has decided to invest in a system app company OSLabs (Indus OS), Speech Technology Startup Gnani.ai, IoT Solution Provider Silver Innovation Labs and an early-stage computer vision startup.

OSLabs has developed a Curated App Store, Indus App Marketplace, which has a collection of more than 400,000 mobile apps in many Indian languages. Bangalore-based Gnani.ai works in the field of automatic speech recognition and natural language processing in Indic languages ​​for the construction and speech analysis of sound assistants. Speech Recognition is an important part of today’s human-to-machine interaction and requires automatic speech recognition (ASR) in the Vernacular Language space.

On the other hand, Silvan Innovation Labs is the pioneer in IoT solutions for homes and enterprises and has pioneered solutions for smart spaces. Provides startup solutions that address safety, security, comfort, convenience and energy management.

Four investments made by SVIC in Indian Startups are strategic in nature. Samsung recently partnered with OS Labs to launch the new Galaxy Store, operated by the Indus App Market, which offers app search and download experience for consumers in 12 local Indian languages ​​besides compulsory sign Without these individual app offers recommendations.

Similarly, Samsung’s investment in Gnani’s ASR engine has the potential to power Samsung’s Bixby Vernacular service in the future. With an established base of more than 6,000 homes and 12 living communities, Sylvain’s products and IoT platforms will add value to Samsung’s efforts to prepare all its products by 2020.

SVIC is actively investing in future oriented businesses based on new and innovative technologies which are hoping to serve as a new development engine. It was established to promote promising companies engaged in the development of new technologies. By March 2019, SVIC has more than US $ 2.2 billion in assets under management.

Leave a Reply

Your email address will not be published. Required fields are marked *




Peoplewala is a trusted brand and leader in the e-commerce scene in India. We are known for maintaining high quality Standard through our unique user interface and user experience.

Disclaimer: Element Limited is only an intermediary offering its platform to facilitate the transactions between Seller and Customer/Buyer/User and is not and cannot be a party to or control in any manner any transactions between the Seller and the Customer/Buyer/User. All the offers and discounts on this Website have been extended by various Builder(s)/Developer(s) who have advertised their products. Element is only communicating the offers and not selling or rendering any of those products or services. It neither warrants nor is it making any representations with respect to offer(s) made on the site. Element Limited shall neither be responsible nor liable to mediate or resolve any disputes or disagreements between the Customer/Buyer/User and the Seller and both Seller and Customer/Buyer/User shall settle all such disputes without involving Element Limited in any manner.

POPULAR BRANDS
Amazon / Flipkart / Yatra / Make my Trip / Mantra / Samsung / Club factory / Shop Clues / Firstcry / Cleartrip / ebay /
big basket/ / Grofers / HP / Tomtop / PayPal / Pharmeasy / Swiggy / Tomtop /

TRAVEL
Make My Trip Coupons / OYO Rooms Coupons / Easy rent cars Coupons / Yarta / Cleartrip Coupons / redBus Coupons / Goibibo Coupons / Uber Coupons / Ola Coupons /
FASHION
Amazon / Flipkart / Paymall / Jabong / Aliexpress / Myntra / Life style stores / Nnnow / Alibaba / Tata Cliq / Ebay /
OFFER OF THE DAY
Paytm Bus Coupons / Electricity Bill Payment Coupons / Broadband Bill Payment Coupons / Amazon Electronics Coupons / Booking.com / Ease my Trip / Freshmenu / Ubereats / Pharmeasy / Tomtop / Himalaya /
RECHARGE OFFERS
Gas Bill Payments Coupons / Paytm DTH Recharge Offers / Paytm Metro Recharge Coupons / Amazon Mobile Offers / Prepaid Recharge Coupons / Paytm Recharge Offers / Paytm Flight Coupons / DTH Recharge Coupons / Amazon Recharge Coupons / Paytm Train Ticket Coupons / EPaytm Offers / Phonepe Offers/ FreeCharge Coupons / MobiKwik Offers / Amazon Pay Coupons / Google Pay Offers
OTHERS
Ajio / Alibaba / Aliexpress / Cashify / Croma-retail / Dresslily / Easyrentcars / Ebay / Fab Hotels/ / Freshmenu /
Godaddy / Hopscotch / Jabong / Lovelywholesale / Metro Recharge Coupons / Microsoft / Pharmeasy / Pepperfry /

PAYMENT MODE



© 2019 All rights reserved. Develop by Peoplewala.