Active Intelligence Pte Ltd

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Active Intelligence Pte Ltd
(Active.Ai)
Private
FoundedFeb 2016; 2 years ago (Feb 2016)[1]
FoundersRavi Shankar
Parikshit Paspulati
Shankar Narayanan
HeadquartersSingapore, Singapore
Key people
  • Ravi Shankar (CEO)

Parikshit Paspulati (CTO)

Shankar Narayanan (COO)
Products
  • Morfeus[2]
  • Triniti
Number of employees
Increase65 (November 2017) [1]
Websitehttps://www.active.ai

Active Intelligence Pte Ltd (Active.Ai) is a private fintech company, specializing in artificial intelligence with their global headquarters in Singapore, and a research and development base in Bengaluru. Active.Ai uses natural language processing and machine intelligence as a platform that allows banks to interact with customers using messaging, voice.[3]

Active.Ai was founded by Ravi Shankar, a former Group Executive Vice President at Yes Bank,[4] Shankar Narayanan, and Parikshit Paspulati in 2016.

Active.Ai raised $3 million from ID Ventures India and Kalaari Capital in November 2016. In a Series A round of funding, co-lead by Vertex Centures, Creditease Holdings and Dream Incubator in November 2017 Active.Ai raised $8.25 million.[5]

Products[edit]

Morfeus[edit]

Morfeus is Active Ai's middleware engine that runs as the Java app on a typical web server. It provides a web interface for configuration and management, connecting front-end channels that helps banks to engage with their customers over unstructured micro-conversations via mobile,[6] chat or voice enabled IOT devices using artificial intelligence. Morfeus was developed with assistance of the company's innovation lab in Bangalore India.[2]

Triniti[edit]

Triniti is an AI engine composed of natural language processing and natural language generation elements enabling financial institutions to connect with customers in a natural format over messaging, voice and IOT devices.[7] Triniti is also designed for banks to automate certain functions including transactions and customer service between customers and other banks.[1] Triniti-powered chatbots are able to save banks time, money and manpower by engaging customers to try and solve their queries, allowing human employees to focus on higher-level tasks.[8] Triniti assists customers by offering a chat bot solution, which works in a manner similar to a trusted personal assistant.[9]

External links[edit]

Official website

References[edit]

  1. ^ a b c Malik, Yuvraj. "Active.ai raises $8.25 million in funding round led by Vertex Ventures". livemint. Retrieved 15 Nov 2017.
  2. ^ a b Pankaj, Maru. "Singapore's fintech startup Active Ai enables banks to converse with their customers using AI". The Economic Times CIO (ETCIO.com. Economic Times. Retrieved 24 March 2018.
  3. ^ Sanyal, Nikita. "Active.ai and what is it all about?". Tech Viral Hai. Retrieved 17 April 2018.
  4. ^ Soni, Sandeep. "Is Talent Crunch a Spoiler for India's AI Industry?". Entrepreneur.com - India. Entrepreneur.com. Retrieved 24 April 2018.
  5. ^ Paul, Binu. "Fin-tech startup Active.Ai gets Series A funding from Vertex Ventures, others". VCCiRCLE. News Corp. Retrieved 4 May 2018.
  6. ^ Jürschick, Joachim. "KI platform for banks with chat and voice control - from Infosys Finacle and FinTech Active.Ai". IT Finanzmagazin. Retrieved 17 May 2018.
  7. ^ Bhakta, Pratik. "Active.Ai raises $8.25 million from Vertex Ventures and others". The Economic Times - Rise. The Economic Times. Retrieved 3 April 2018.
  8. ^ Ellis, Jack. "Chatbot for banks developer Active.ai raises over $8m in series A round". Tech in Asia. Retrieved 1 May 2018.
  9. ^ Majumdar, Romita. "Active.ai is offering personalised chat bot services to banking customers". Business Standard. Business Standard Private Limited. Retrieved 4 May 2018.