Announced

Completed

Vedrai completed the acquisition of a 60% stake in Indigo.ai.

Synopsis

Vedrai, a company develop solutions based on Artificial Intelligence to support decision-making of small and medium-sized enterprises, completed the acquisition of a 60% stake in Indigo.ai, a company in conversational artificial intelligence solutions. Financial terms were not disclosed. "Vedrai shares with Indigo.ai the mission of making Artificial Intelligence a democratic tool, which knows how to speak concretely to the problems of companies, even those that by size or culture are usually not directly involved in big innovation processes. Indigo.ai technologies will allow us to make our solutions even simpler and more intuitive to use, developing an interaction mode based on natural language that does not require training,” Michele Grazioli, Vedrai President.

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