Thiruvananthapuram, NFAPost: Waybeo Technology Solutions under Kerala Startup Mission (KSUM) hit a milestone when telecom giant Bharti Airtel announced picking up a strategic 10% stake in the Thiruvananthapuram-based company with focus on deep AI analytics for cloud telephony.
The deal, which comes as part of the Airtel Startup Accelerator Programme, will enable 2011-founded Waybeo to earn larger distribution reach.
Waybeo Is now located in the Scale-up Space of KSUM in the state capital. Established in order to provide assistance to the creation of a startup ecosystem that contributes to ‘Digital India’, the Airtel endeavour aims to support growth of early-stage startups in the country.
Commenting on Airtel investment, Waybeo CEO Krishnan R V said the tie-up with Airtel will help the telecom company use the startup’s telephone-based AI services.
“We envisage a technology that analyses the feedback of Airtel customers, besides improved automation for the telecom company to perform better. As a B2B collaboration, this will enable our firm to fetch more such opportunities in the future,” said Waybeo CEO Krishnan R V.
Waybeo CEO Krishnan R V said the company is capable of providing prospects in commerce that goes beyond mobile-phone and internet services.
The cloud telephony market in India is registering a rapid growth with businesses move processes steadily giving prominence to cloud-based platforms.
KSUM is the nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state.