Mumbai: Clover Infotech has invested in AI startup Data Science Wizards (DSW) for a 25% stake. The IT managed services and consulting company hasn’t disclosed the amount of investment it made into DSW to acquire a 25% stake. However, the approximate post-money valuation of the deal is Rs 15.22 crore.
DSW aims to democratize the power of AI and Data Science to empower customers with insights discovery and informed decision making. It will nurture the AI ecosystem with data-driven, open-source technology solutions and training to benefit businesses, customers, communities, and stakeholders.
Through its industry-agnostic flagship platform UnifyAI, DSW will create a holistic approach to data engineering and AI to enable companies to accelerate growth and enhance operational efficiency.
“The strategic investment in DSW will enable Clover Infotech to extend niche and focused data science and AI capabilities to its customers,” commented Javed Tapia, Chairman – Clover Infotech.
“Customers have entrusted Clover Infotech with their mission-critical data and applications for nearly three decades now. The two organizations can, thus, leverage synergies and solve challenges that customers face with automation, insights discovery, and smarter decision making,” added Tapia.
“Our niche expertise and positioning at the confluence of AI, data science, and open-source technologies helps us to empower customers with seamless and informed decision-making capabilities,” said Sandeep Khuperkar, Co-Founder and CEO, Data Science Wizards (DSW).
“With Clover Infotech as a strategic investor, DSW can scale and replicate its AI-backed solutions across a huge customer base in India and focused global markets such as Middle East, Europe, US, and Singapore,” added Khuperkar.