wordpress blog stats
Connect with us

Hi, what are you looking for?

China’s APUS Group acquires Jaipur based SIFTR Labs: report

Jaipur-based SIFTR Labs, a startup which curates digital images using machine learning and AI has been acquired by China’s APUS Group for an undisclosed amount, reports VCCircle. It is not clear whether SIFTR would continue to function as an independent brand or merge with APUS. MediaNama has written to APUS seeking more details.

The report added that the acquisition will allow Venture Catalysts, an investor in SIFTR’s, to exit the company. Venture Catalysts had invested $150,000 as seed funding in SIFTR Labs in January last year.

SIFTR Labs was founded in 2015 by Romil Mittal and Mayank Bhagya. The company develops products around AI-based image recognition technology which allow users to analyze photos and videos to find objects and human faces. It had earlier launched Siftr Magic, an Android app that analyses photos to remove duplicate copies, curate memes/images from social media sites and also helps organize images.

APUS Group, on the other hand, is an Android-based app development company that currently has a set of apps under its brand. These include a mobile browser, customizable Android Launcher, memory manager, messaging service, among others. Founded in 2014 by Tao Li, the company raised $100 million in a series B round of funding in January 2015, after having raised $15 million in a series A round back in 2014.

APUS’s investments in India

Advertisement. Scroll to continue reading.

Note that in August 2015, APUS Group founder and CEO Li Tao had led a round of funding in the technology news portal iamWire. Apart from this it also floated a startup fund worth Rs 300 crore focused on Indian startups in December 2015. The company also aids Indian startups planning to enter the Chinese market through its APUS Global Mobile Internet Incubator.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ