Hyderabad startup gets Apple moment

Hyderabad: Hyderabad's startup eco-system has got a big boost as it has witnessed the moment long overdue: A takeover of city startup by a big multinational company. On Thursday, Apple Inc. confirmed the acquisition of a Hyderabad-based machine-learning startup Tuplejump Software Private Limited for an undisclosed amount. It will help Apple in improving its expertise in artificial intelligence. "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," Apple spokesman Colin Johnson told Bloomberg. According to industry sources, the founders of Tuplejump -- Rohit Rai and Satyaprakash Buddhavarapu -- have joined Apple after the acquisition.