Microsoft supported blockchain HRTech company ZingHR strategic investment AI start-up LokiBots
According to reports, ZingHR, a blockchain HRTech company supported by Microsoft, announced a strategic investment in LokiBots, an AI software as a service startup. The specific amount of investment has not been disclosed yet. ZingHR’s products currently integrate machine learning, deep learning, and blockchain technology. After this acquisition, LokiBots’ AI robots and conversational AI will be included. It is reported that ZingHR previously obtained an equity investment of approximately $10 million from Tata Capital Growth Fund, which has acquired 33% of the company’s equity. （prnewswire）
Interpretation of this information:
Indian blockchain HRTech company, ZingHR, has announced a strategic investment in LokiBots, an AI software as a service startup. While the exact amount of investment has not been disclosed, ZingHR currently uses machine learning, deep learning, and blockchain technology in its products and will now add LokiBots’ AI robots and conversational AI. The company previously received an equity investment of $10 million from Tata Capital Growth Fund, which acquired 33% of the company’s equity. The three keywords for this message are blockchain, HRTech, and AI.
ZingHR’s acquisition of LokiBots highlights the growing importance of AI and blockchain technology in the HRTech industry. With the integration of LokiBots’ conversational AI and AI robots, ZingHR can offer more comprehensive HR solutions to its clients.
The use of machine learning, deep learning, and blockchain technology in ZingHR’s products indicate the company’s focus on innovative technology in HR. Machine learning and deep learning can help automate HR processes and assist in decision making. Blockchain technology offers secure and transparent storage of HR data, from employee information to payroll records.
LokiBots’ AI software adds more advanced capabilities to ZingHR’s existing product offerings. Conversational AI allows for natural language communication between humans and machines, making it easier for employees to communicate with their HR departments. AI robots can assist in tasks such as recruitment, scheduling interviews, and answering employee questions.
Overall, ZingHR’s strategic investment in LokiBots shows the company’s commitment to remaining at the forefront of technology in the HRTech industry. With its focus on blockchain, HRTech, and AI, ZingHR is well-positioned to offer cutting-edge HR solutions to its clients.
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