Bengaluru-based tech consulting firm Appiness Interactive Private Limited has acquired iLumaLab, a San Francisco company specializing in artificial intelligence.
Announced on October 22, this deal aims to strengthen Appiness’ AI capabilities and expand its presence in the U.S. market. While the financial details of the acquisition haven’t been shared, the move is a bold step for Appiness in the fast-growing AI industry.
Appiness, led by founder Visakh Viswambharan, helps businesses tackle tough challenges with tech and digital solutions. Its AI division, Appyverse, creates “AI Colleagues” – smart tools that automate tasks, analyze data, and work alongside human teams to boost efficiency.
iLumaLab was an attractive buy because of its creative approach to building custom AI solutions that blend automation, data insights, and user-friendly design. This acquisition is expected to supercharge Appyverse, helping Appiness stand out in the competitive AI market.
Key Highlights:
- Appiness Interactive Acquires iLumaLab to Strengthen AI Capabilities and U.S. Presence
- Bengaluru Tech Firm Appiness Expands Global AI Expertise with iLumaLab Acquisition
- Appiness’s Strategic Move in AI: iLumaLab Buy to Boost Automation and Innovation Services
iLumaLab, founded by AI expert Patrik Slachta, is known for its innovative work in automation and intelligent systems. Slachta, a standout in the AI field, will now join Appiness along with his team, helping drive the company’s U.S. operations and AI development.
Though the deal’s price tag wasn’t disclosed, experts estimate such acquisitions can cost anywhere from a few million to tens of millions, depending on the company’s tech and clients. With the global AI market expected to hit $190 billion by 2025, this move could help Appiness grow its revenue by offering more advanced AI and automation services.
Viswambharan shared that he and Slachta first connected in San Francisco through a mutual network, sparking a partnership built on a shared passion for innovation. Slachta praised Appiness’ strong track record and said he’s excited to join their AI efforts.
This acquisition highlights a trend of Indian tech firms buying U.S. startups to access cutting-edge AI skills and markets. Without financial details, the focus is on the strategic benefits: better innovation, more clients, and potential cost savings in research. Based in Bengaluru’s thriving tech hub, alongside companies like Quantiphi, Appiness is set for growth. Investors will be watching to see how this deal boosts the company’s revenue and market share in AI.
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The move connects Bengaluru’s cost-effective tech scene with San Francisco’s AI expertise, signaling a bright future for global tech partnerships. As AI becomes more critical, deals like this could reshape the financial outlook for tech consulting firms.
