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Apple acquires Indian machine learning startup Truplejump

DATA FINAL

Its data engineering platform unifies and optimises workflows for engineers, analysts and scientists by bringing in a fresh experience to data processing and reporting

Whenever an Indian company is acquired by tech media giants like Facebook or Twitter, the media go to town with ecstasy. Here is another reason for the Indian media to go ecstatic.

Truplejump, a Hyderabad-based machine learning startup, has just been snapped by Apple Inc, according to a TechCrunch report.

The financial details of the transaction remain undisclosed, even as the iPhone company has neither confirmed nor denied the news.

“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” a company spokesperson told TechCrunch.

Founded in 2013 by Satyaprakash Buddhavarapu and Rohit Rai, Truplejump is a data engineering platform. It unifies and optimises workflows for engineers, analysts and data scientists by bringing in a fresh experience to data processing and reporting.

As per a report, both Rai and Buddhavarapu have already joined Apple.

Of late, Indian tech startups have been on the radar of companies like Facebook, Naspers and Twitter. The key advantage of a deal with Indian companies is that they offer great products, but with less valuation compared to other markets.

Over the past three-four years, India saw half-a-dozen M&A deals, including Facebook’s acquisition of Little Eye Labs, Twitter’s acquisition of ZipDial, Naspers’s buying of redBus, Yahoo’s acquisition of Bookpad, and News Corp’s acquisitions of VCCircle and BigDecisions.

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