Netcore acquires Quinto.ai, an AI chatbot start-up

Netcore Solutions has confirmed about its acquisition of Quinto.ai, an AI chatbot startup. With this acquisition, Netcore gets access to Quinto's conversational AI-powered chatbot engine and its employees. The deal is managed by Investment Bank Equirus Capital through Propeluss.

Along with the acquisition, Hrishikesh Rajpathak, Quinto’s co-founder also joins 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. As an AI consultant, he has worked with multiple international clients in life sciences and BFSI domain. He co-founded Quinto 4 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. Quinto can be integrated with Facebook Messenger, WhatsApp, Slack and other popular chat platforms.

With Quinto, Netcore’s Smartech becomes capable of handling conversations in automation journeys riding on Quinto. This will be an industry first feature. Netcore will further strengthen its leadership through the AI/ML platform “Raman” and will foray into the Conversational Analytics space.

Quinto was earlier backed by Rebel Foods Pvt Ltd (formerly known as Faasos Food Services Pvt Ltd), who now exits with this deal.