Mumbai, October 13, 2017 - Japan's SoftBank Corp. and US based Indian talent driven Findability Sciences Inc. today announced that they have entered into a definitive agreement to establish a joint venture (JV), which will offer a proprietary software product developed by Findability Sciences.
The product is known as the Findability Platform and will be marketed in the Japanese market by the JV.
Findability Sciences which has operations in Mumbai and Aurangabad in Maharashtra, is a big data, cognitive sciences, and artificial intelligence technology services and consulting company. Findability Sciences’ India operation caters to its growing customer base in India.
SoftBank will offer the Findability Platform: a self-learning technology platform that ingests large data sets to provide actionable insights, predictions, and human-like intelligence. The joint venture operations will be managed from Findability Sciences’ new facilities in Tokyo, Japan.
“We are very proud to form a joint venture with a world-renowned tech giant like SoftBank. This will significantly enhance our visibility to the marketplace and our ability to continue offering innovative solutions to our growing customer base,” said Anand Mahurkar, Founder and Chairman of Findability Sciences. “SoftBank’s selection of Findability Sciences, first as an ecosystem partner and subsequently as a joint venture partner, speaks volumes about our people, processes and technology, Findability Platform" added Mahurkar.
SoftBank also made a strategic investment of approximately $7.4 million with the aim of strengthening its offerings in the growing field of big data, analytics, and artificial intelligence. SoftBank holds a controlling 51 percent stake in the joint venture, with Findability Sciences Inc. owning the 49% balance.