PALO ALTO, Calif.
- July 13, 2021
-- Mumbai-headquartered Sapio Analytics, positioned as the Palantir of developing economies, aimed at helping governments make the right decisions using data analytics and artificial intelligence, has forged a strategic partnership with Parthiv Group, a group of companies in finance and real estate, led by Rakesh Rathi.
As part of this partnership, Parthiv Group has invested 150,000 USD in Sapio Analytics, in form of cash and offer of equity in its own companies. Sapio Analytics shall hold shares in companies of Parthiv Group as a result of this partnership.
"Sapio Analytics provides policy making support to governments using new age technologies, particularly in the urban and rural administration, economic growth, law enforcement and intelligence, and healthcare departments. We have begun our global expansion and this funding by Parthiv Group is a demonstration of trust in our capabilities to strategically expand ourselves across domains and geographies, backed by our A.I. system connecting all our divisions. We shall also partner with LCBidding.com and InsureTech, two companies under the Parthiv Group, and use them to solve the financing needs of entities in smaller towns of India", says Hardik Somani, Director of Sapio Analytics.
"This investment is an important step in our growth strategy, we hope this association will create a synergy between Sapio Analytics and Parthiv Group's fintech businesses like Insure Efficient and LC Bidding. Sapio's global expansion plan backed by their A.I technology makes it the partner of choice for Parthiv Group." adds Rakesh Rathi whose Parthiv Group has launched first of its kind LC bidding platform and is already a pioneer in insurance technology in the smaller towns of India.
Palantir Technologies, a government technology public company serving the US, is currently trading in public market at a valuation greater than 60 billion USD. Sapio Analytics seems to have been built on similar lines with a focus on developing economies. It recently expanded its international operational base to Palo Alto, with a focus on serving countries in South America and North America.