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TCS' ignio doubles revenue, customer base on y-o-y basis

Press Trust of India  |  New Delhi 

Digitate, a software venture of Tata Consultancy Services (TCS), on Tuesday said 'ignio', an AI/machine learning-based software, has doubled its revenue and number of customers on year on year basis.

ignio, which was launched four years ago, had 52 new wins in the last 12 months, bringing the total number of customers to 105.

"... ignio...AI/machine learning-based cognitive automation software, has doubled its revenue as well as number of customers, year on year," it said.

These are mostly Global 2000 companies, distributed across the retail, manufacturing, telecom and banking and financial services sectors, a statement said.

"ignio's unique capabilities cover the breadth and depth of an enterprise from IT to business and from context to self-heal...We will continue to invest in the product, expand our partner ecosystem, and offer 24x7 support," Akhilesh Tripathi, Global Head of Digitate, said.

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* Wipro launches Edge AI solutions powered by Intel

IT services major Wipro on Tuesday said it has launched three edge artificial intelligence (AI) starter solutions, powered by Intel Xeon Scalable processors.

These starter solutions will help enterprises in the energy and utilities, and healthcare markets jump start their AI adoption, a statement said.

Wipro will leverage Intel's AI technology to maximise performance of the Wipro AI solutions when running on Intel Xeon Scalable processors.

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* GetNatty raises seed funding, appoints Sandeep Bhagava on advisory board

Fashion discovery platform GetNatty on Tuesday said it has raised an undisclosed sum as part of its seed round, led by Grihapravesh Buildteck CMD Abhay Kumar and others.

The company, which has also raised funds from Binod Choubey, Firoze Sethna and Parth Patel, has appointed media and entertainment industry veteran Sandeep Bhargava on the board of advisors.

The proceeds from the round of funding will be used by the two-year old company to build out the technology arm of the business and bring in new revenue channel formats that will cater to the country's burgeoning fashion design ecosystem, a statement said.

"We will continue to experiment and bring in new revenue formats, be it in the form of new business channels, fashion events, geographies and product launches which will add real value to the fashion community in India," GetNatty founder and CEO Kaizad Hansotia said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 22:25 IST
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