Ratan Tata makes his 1st investment in artificial intelligence – backs Niki.ai

Niki.ai, an artificial intelligence (AI) based chatbot, announced on Thursday that Ratan Tata, Chairman Emeritus of Tata Sons, had invested in the startup along with Ronnie Screwvala’s Unilazer, which did a follow up round to their first seed investment. Niki will utilise the funds raised to increase its merchant base and also to strengthen its technological capabilities. Story so far Niki.ai was founded in April 2015 by four IIT-Kharagpur alumni – Sachin Jaiswal, Keshav Prawasi, Nitin Babel and Shishir Modi – and has now grown to a 21 member team. Niki was officially launched during YourStory’s TechSparks 2015, and is a Tech30 company.  Niki.ai team The startup leverages natural language processing (NLP) and machine learning to converse with customers over a simple chat interface, and places orders on their behalf in seconds with partner businesses. The founding team…


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