Japan’s SoftBank Corp and US-based Findability Sciences Inc announced that they formed a joint venture (JV) to offer a proprietary software product developed by Findability Sciences. The product is known as the Findability Platform and will be marketed in the Japanese market by the JV.
Techonogy and data major Findability Sciences, which has now operations in Mumbai and Aurangabad in Maharashtra, plans to increase its customer base all over India, while SoftBank will offer the Findability Platform - a self-learning technology platform that ingests large data sets to provide actionable insights, predictions, and human-like intelligence. The joint venture operations will be managed from Findability Sciences’ new facilities in Tokyo, Japan.
“We are very proud to form a joint venture with a world-renowned tech giant like SoftBank. This will significantly enhance our visibility to the marketplace and our ability to continue offering innovative solutions to our growing customer base,” said Anand Mahurkar, Founder and Chairman of Findability Sciences. SoftBank also made a strategic investment of approximately $7.4 million with the aim of strengthening its offerings in the growing field of big data, analytics, and artificial intelligence. SoftBank holds a controlling 51 percent stake in the joint venture, with Findability Sciences Inc owning the 49 per cent balance.
While announcing the venture, Daichi Nozaki, Vice President, Head of Global Business Division, Enterprise Business Unit of SoftBank said, “I am very happy to make the Findability Platform® available to Japanese customers. Our mission is to improve the decision-making capabilities of our customers.”
“We have conducted extensive research and worked closely with various partner companies to provide our customers with optimal solutions to support their increasingly complex needs,” he added.