Netcore Acquires AI Chatbot Startup Quinto.ai

Netcore Solutions, marketing technology company, acquired Quinto.ai, an AI chatbot start-up. With the IP and talent acquisition, Netcore gets access to Quinto's conversational AI-powered chatbot engine and its employees. 

Quinto’s co-founder Hrishikesh Rajpathak also joined Netcore as Chief Data Scientist and will lead its machine learning and conversation analytics initiatives.
 
Hrishikesh comes with over 12 years of experience in machine learning, deep learning and natural language processing (NLP) technologies. He has worked with multiple international clients in life sciences and BFSI domain as an AI consultant. He co-founded Quinto four years back as a food recommendation platform which later pivoted to a conversational AI platform.

Quinto enables businesses to automate conversations with customers and improve customer experience. Businesses across verticals can use Quinto.ai’s always-on 24x7 chatbot for automated product discovery, recommendations, Inside sales and Live chat.
 
It can be integrated with Facebook Messenger, WhatsApp, Slack and other chat platforms.

“With the growth of Chat Platforms such as WhatsApp and Facebook Messenger, Voice Assistants like Siri and Alexa, as well as Smart Speakers, it’s no surprise that Gartner predicts that by 2020, customers will manage 85% of their relationship with an enterprise without interacting with a human”, said Kalpit Jain, Group CEO, Netcore Solutions adding, “We believe that Conversational AI will be a strategic asset for Marketers in their Martech stack and it will reshape how brands and customers interact with each other.”
 
The deal was managed by Investment Bank Equirus Capital through Propeluss.
 
Quinto was earlier backed by Rebel Foods (formerly known as Faasos Food Services), who now exits with this deal.