Aurionpro Solutions Acquires Arya.ai, to Power Next-Generation Enterprise AI Platforms

Aurionpro Solutions Limited announces the strategic acquisition of Mumbai-based Banking and Insurance focused PaaS startup, Arya.ai.

With Arya.ai, Aurionpro will significantly enhance its portfolio of enterprise fintech offerings to expedite the adoption of AI that is responsible, accurate, and auditable, aligning strongly with the rapidly evolving demands of Banks and Insurers.

Commenting on the acquisition, Ashish Rai, CEO of Aurionpro Solutions, stated, “The acquisition of Arya.ai brings together Aurionpro’s portfolio of industry leading enterprise software with one of the most mature Enterprise AI platforms focused on the needs of Banks and Insurers. It also brings together probably the most talented enterprise focused AI/ML team in Asia with Aurionpro’s deep domain expertise and strengths to build highly differentiated Enterprise software. We are going through probably the most significant platform shift in the industry, and we are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading Enterprise AI platform, for the financial industry worldwide.”

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Arya.ai will see Aurionpro Solutions Ltd. purchase a majority stake (67%) in the company under the terms of the agreement. To enhance and fortify Aurionpro's already-leading industry portfolio, this acquisition will add products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and customised industry solutions. Over 100 banks and insurers in Asia rely on Arya.ai's enterprise artificial intelligence solutions.

“Making AI acceptable and scalable in financial industry is extremely different and hard. It is relatively easy to use a new AI technique like MLPs or self-supervised learning system and deploy the model. But to make it acceptable in a highly regulated industry like Banking or Insurance, it needs to be stable, reliable, explainable, auditable, compliant, and safe to use. Our decade long experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance. We’ve been growing 3x YoY in the last couple of years and have been profitable.” Says Vinay Kumar CEO/Founder of Arya.ai. “Together with Aurionpro, we are going to build a new generation of Enterprise AI software for Banks and Insurers that truly embed AI, augmenting a task or Autonomous Agents that can take over entire transactions”.

About Arya.ai

Founded in 2013 by Vinay Kumar Sankarapu and Deekshith Marla from IIT Bombay, Arya.ai has been one of the first ‘AI’ startups to use Deep Learning and deploy in enterprises. 

About Aurionpro Solutions Limited

Aurionpro Solutions Limited is an advanced technology solutions company catering to the needs of the banking, mobility, payments, and government sectors.

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