With this, Froot will operate under Aarav’s brand and will also become its sister company
As part of the deal, Aarav has onboarded Froot Research’s team. The company will also make further investments in Froot to scale its AI research and development team
The acquisition will further help Aarav to perform deep research-based work on AI apps and in the field of IP intelligence, automobile-machine intelligence and logistics
Ahmedabad-based IT company Aarav Solutions has acquired AI startup Froot Research for $4 Mn.
With this acquisition, Aarav will expand in the AI space and also launch AI-related products and platforms. Besides, Froot Research will operate under the Aarav brand name and become the latter’s sister company.