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Samsung invests $8.5 million in four Indian startups to boost its IoT and AI portfolio

July 10, 2019
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Samsung Venture Investment Corporation (SVIC) has made investments worth $8.5 million across four Indian startups. This includes a system apps company OSLabs (Indus OS), speech technology startup Gnani.ai, IoT solutions provider Silvan Innovation Labs and an early stage computer vision startup.

According to Samsung, the four investments in Indian startups are strategic in nature.

Samsung's investment in Silvan’s products and IoT platform will help Samsung to have all its IoT products ready by 2020.

Likewise, Samsung’s investment in Gnani’s ASR engine can potentially power Samsung’s Bixby vernacular service in the future.

As part of Samsung’s recently announced partnership with OS Labs, the company has launched the new Galaxy Store, powered by Indus App Bazaar, which brings app discovery and download experience to consumers in 12 local Indian languages in addition to English and offers personalized app recommendations without mandatory sign in.

 

 
 
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