Walmart Labs has made up its second acquisition in India with a machine learning startup called as the Int.AI, the head of its technology division said, as the world largest retailer looks to strengthen its technology team in the country.
The retail giant acquired micro-app startup Appsfly in the month of September, which merges that six-member team with its customer experience engineering group.
“We announced one, and we just did our second one. It’s called Int.AI” Jeremy King, executive vice president, and chief technology at Walmart told in an interview.
Int.AI works in the field of data analytics and machine learning. The platform has built up capabilities in sharing and analyzing data it with the targeted users over the email as well as with the collaborative tools like the slack, meetup, and others.
According to professional networking site Linkedin, the company was founded in 2016 by Praneeth Babu Doguparthy and Vinay NP. The startup says it wants to automate the role of a business analyst using natural language programming and advanced clustering algorithms.
“We are going to bring them in and add them to the customer technology team. The team is three people, and they are really young, ambitious people,” Hari Vasudev, Country Head and Vice President – Technology at Walmart Labs India, said.
Walmart is also expected to announce the acquisition by the end of this week, Earlier this year, Walmart had also said that it is looking at three to five startup deal within a year
“I wanted to have more of them by now. But it is about vetting them and getting them through. You really want a startup that is excited about what we are working on too. We will get there, it just took a little time to ramp up,” King said.
“It ties in with the theme — our data platform work and our machine learning framework has been developed largely in Bangalore and we’ve been really impressed with the amount of talent that has come in,” King said.