Latest News | Wipro to Acquire Pune-based Industrial IoT Product Startup Linecraft.ai

Bengaluru, Dec 1 (PTI) The industrial automation business of Wipro Infrastructure Engineering announced on Thursday it has signed a definitive agreement to acquire Linecraft.ai, a Pune based industrial Internet of Things (IoT) product startup in the manufacturing sector.

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Linecraft.ai harnesses the power of both automation domain expertise and artificial intelligence (AI) & machine learning (ML) to empower manufacturers to get more productivity and quality improving operational efficiency on a real time basis, according to a Wipro statement.

The software is built by a team of AI & ML experts and engineers with a patented algorithm and has been proven with successful implementation on complex automated manufacturing assembly lines in the industry globally, it said.

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Financial details of the transaction were not disclosed.

"This acquisition will further help us expand our digital capabilities and offer turnkey automation solutions with a bolt-on digital layer which provides deep insights and analytics to customers", said CEO of Wipro Infrastructure Engineering, Pratik Kumar.

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