Aurionpro Solutions Limited, a leading global enterprise fintech company, has announced the acquisition of Arya.ai, a Banking and Insurance focused PaaS startup. This acquisition will enhance Aurionpro’s portfolio of offerings by incorporating Arya.ai’s expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and more. By integrating Arya.ai’s advanced AI cloud platform with Aurionpro’s extensive suite of solutions, the company aims to create an industry-leading Enterprise AI platform that will provide significant value to financial institutions worldwide.
Aurionpro will acquire a majority stake of 67% in Arya.ai through an all-cash deal, with an aggregate investment of approximately 16.5 MN USD. This transaction includes the acquisition of existing shares and subscription of new equity capital in the company, further solidifying Aurionpro’s position in the fintech industry. Ashish Rai, CEO of Aurionpro Solutions, expressed his enthusiasm for the acquisition, stating that it combines Aurionpro’s enterprise software expertise with Arya.ai’s mature Enterprise AI platform tailored for Banks and Insurers.
Vinay Kumar, CEO and Founder of Arya.ai, highlighted the company’s decade-long experience in developing deep learning tools and platforms, culminating in the creation of a verticalized AI Operating System for Banking and Insurance. Together with Aurionpro, Arya.ai aims to pioneer a new generation of Enterprise AI software that seamlessly integrates AI solutions and Autonomous Agents for financial transactions.
Founded in 2013 by Vinay Kumar and Deekshith Marla, Arya.ai has been at the forefront of AI innovation, leveraging Deep Learning technology for enterprise applications. Arya.ai’s BFSI PaaS offerings include Arya API with 80+ ML models, Libra for fine-tuning SOTA ML models, and AryaXAI for AI governance. This strategic acquisition by Aurionpro Solutions Limited underscores the company’s commitment to driving innovation in the financial industry through cutting-edge AI solutions.
With the acquisition of Arya.ai, Aurionpro is poised to revolutionize the landscape of Enterprise AI software for Banks and Insurers, offering a comprehensive and sophisticated platform that leverages the latest advancements in AI technology. This acquisition represents a strategic move by Aurionpro to enhance its product offerings and expand its market reach, solidifying its position as a global leader in enterprise fintech solutions. Stay tuned for more updates on how Aurionpro and Arya.ai are reshaping the future of AI in the financial industry.
Source link
