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ZingHR Announces Investment in LokiBots: How This Will Affect the HR and AI Industries

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According to reports, ZingHR, a blockchain HRTech company supported by Microsoft, announced a strategic investment in LokiBots, an AI software as a service startup. The specific am

ZingHR Announces Investment in LokiBots: How This Will Affect the HR and AI Industries

According to reports, ZingHR, a blockchain HRTech company supported by Microsoft, announced a strategic investment in LokiBots, an AI software as a service startup. The specific amount of investment has not been disclosed yet. ZingHR’s products currently integrate machine learning, deep learning, and blockchain technology. After this acquisition, LokiBots’ AI robots and conversational AI will be included. It is reported that ZingHR previously obtained an equity investment of approximately $10 million from Tata Capital Growth Fund, which has acquired 33% of the company’s equity. （prnewswire）

Microsoft supported blockchain HRTech company ZingHR strategic investment AI start-up LokiBots

With the increasing demand for innovative technology solutions in various industries, it is crucial for companies to collaborate to achieve mutual benefits. One such example is the recent strategic investment by ZingHR, a blockchain HRTech company backed by Microsoft, in LokiBots, an AI software as a service startup. In this article, we will explore the details of this investment, the industries it affects, and its potential impact on the future of HR and AI.

Investment Details

According to reports, the exact amount of the investment has not been disclosed yet. However, it is a strategic investment that will incorporate LokiBots’ conversational AI and AI robots with ZingHR’s machine learning, deep learning, and blockchain technology. This collaboration aims to provide enhanced, innovative solutions to various HR challenges.

ZingHR’s Background

Before discussing the significance of this investment, it is important to familiarize ourselves with ZingHR. ZingHR is a blockchain HRTech company that aims to provide end-to-end HR solutions. Its products integrate machine learning, deep learning, and blockchain technology to deliver effective HR solutions. ZingHR has already secured a significant equity investment of approximately $10 million from Tata Capital Growth Fund, which has acquired 33% of ZingHR’s equity.

LokiBots’ Background

LokiBots, on the other hand, is an AI software as a service startup that specializes in conversational AI and AI robots. They aim to help companies automate various repetitive and mundane tasks while enhancing customer engagement. Their conversational AI and AI robots have proven to be effective in managing customer queries, sales and marketing, and HR functions.

The Significance of the Investment

These two companies have collaborated for mutual benefit, and this strategic investment has significant implications for various industries. The incorporation of AI robots and conversational AI with ZingHR’s machine learning, deep learning, and blockchain technology will result in innovative solutions. With ZingHR’s already established position and LokiBots’ expertise in AI, this collaboration can revolutionize the HR and AI industries.

HR Industry Implications

For the HR industry, this collaboration can lead to enhanced recruitment, training, and employee engagement solutions. The integration of conversational AI and AI robots can automate repetitive HR tasks and streamline HR processes. This will create a more efficient and effective workforce and provide opportunities for HR departments to focus on strategic initiatives.

AI Industry Implications

In the AI industry, this collaboration can lead to innovative solutions in customer engagement, sales, and marketing. Conversational AI can be used to manage customer queries and enhance customer satisfaction, while AI robots can assist in tasks such as data entry and analysis.

Conclusion

The strategic investment by ZingHR in LokiBots is a significant collaboration that can have major implications for the HR and AI industries. With the incorporation of AI robots and conversational AI with ZingHR’s machine learning, deep learning, and blockchain technology, we can expect innovative solutions that can revolutionize various industries.

FAQs

1. What is ZingHR?
ZingHR is a blockchain HRTech company that provides end-to-end HR solutions incorporating machine learning, deep learning, and blockchain technology.
2. What is LokiBots?
LokiBots is an AI software as a service startup that specializes in conversational AI and AI robots.
3. What can we expect from this collaboration?
This collaboration can lead to innovative solutions in various industries, such as enhanced recruitment, training, and customer engagement solutions, and the automation of repetitive tasks.

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