EdTech giant upGrad invested a considerable sum, ₹30cr, in its AI-as-a-Service platform TuringMinds. upGrad founded TuringMinds last year to offer corporate training and upskilling in artificial intelligence and machine learning, AI-as-a-Service (AIaaS), and HR solutions for businesses.
As per upGrad, TuringMinds will enable over 50 prototypes of AI-based products and services each year, including 8/10 portals, within the next eight months. Prof Anuradha Sharma, President of TuringMinds, said, “TuringMinds specialises in taking an idea, quickly building prototypes and accelerators (Apps), testing them with the industry, and picking the cherries among them.”
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Currently, TuringMinds operates with over 15 facilities spread across India, USA, Europe, the UK, and the Middle East; with over 250 product engineers. Dr. Dakshinamurthy V Kolluru, the CEO of TuringMinds, said that the company has always had an industry-centric DNA and seeks for opportunities to leverage its expertise.
upGrad also invested heavily in Harappa Education in July this year. The edtech company focuses on developing its LifeLongLearning suite and hiring more doctorate holders to enhance its full-fledged marketable products.
