BENGALURU | HYDERABAD: Apple’s recent acquisition of Indian machine-learning startup Tuplejump offers further evidence of a revival in the interest of global technology giants in the country’s startup space, especially in areas such as artificial intelligence, cloud infrastructure and automation. Enthusiasm for tech startups in India had waned in the last two years with fewer exits, a funding crunch and an inability to scale up. That seems to be changing with Intel, Apple and Nutanix shopping around for companies and the people who work there. Intel bought Soft Machines, a Silicon Valley chip designer with offices in Hyderabad, for $300 million in September. The company was cofounded by former Intel veteran Mahesh Lingareddy. Last month, Intel acquired California-based deep-learning startup Nervana Systems run by Indian-origin entrepreneur Naveen Rao in a deal reportedly valued at $408 million. Sequoia-backed Calm.io was acqui-hired by global enterprise tech giant Nutanix in August. Most of Calm.io’s 43-member team based at its development centre in Bengaluru will be moving to new Nutanix offices. What’s appealing about Indian entrepreneurs and their ventures is a combination of talent, technology, traction and transactions, said Ravi Gururaj, Nasscom product council chairman. “Talented small teams are working within an interesting technology… Read full this story
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