Straive, a leader in providing data/AI solutions to EdTech, research, and information services to global organizations has acquired Gramener, a New-jersey-based design-led data science firm for an undisclosed amount. Avendus Capital Private Limited served as the exclusive financial advisor to Gramener in this acquisition.
Commenting on the acquisition, Ankor Rai, the CEO of Straive, said, "Straive helps clients create differentiated customer experiences, offerings, and operations by embedding unique data-driven insights and expert knowledge into digital & AI technologies, which are operationalized with experts-in-loop. Our clients can immediately accelerate their data/AI-powered transformation journey by leveraging Gramener’s experienced team, cutting-edge AI and analytics capabilities, and multi-industry experience.”
Gramener's AI-driven platform uses technologies such as computer vision, natural language programming), natural language generation, and spatial analytics. The storytelling firm is recognized for its expertise in addressing complex business challenges through compelling data narratives using insights and a low-code AI-powered platform. Their services span across various industries, including pharmaceuticals & life sciences, logistics, manufacturing, ESG, technology and consulting.
Anand S, Co-Founder and CEO of Gramener, also chimed in on the development, stating, "We are convinced that combining our strengths will enable the creation of distinctive, end-to-end solutions spanning from Data to AI, and ultimately, Gen AI". The company was co-founded in 2010 by a team of former IBM and BCG leaders to address the need of complex data consumption for decision-making.
Last year, Gramener signed a Memorandum of Understanding (MoU) with the Telangana government to bring the company back to its Indian roots. The team announced plans to set up a state-of-the-art 250 seater R&D base at SLN-One West in the Nanakramguda Financial District, the IT hub of Hyderabad. The company also announced plans to bring 500 data science jobs to Hyderabad by 2024.
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