Indian Angel Network Invests in Staqu an Artificial Intelligence Based Research Venture

Indian Angel Network (IAN), Indian angel investor network, announced undisclosed investment in Gurgaon-based Staqu, an Artificial Intelligence (AI) focused research startup working in automated image understanding technology. The funding will be used to further build and democratize technology and strengthen the team. Staqu, founded in 2015, comprises of researchers and engineers as a part of its core team. Atul Rai, co-founder and CEO said, "We plan to invest this round to expand the computational strength of our VGrep Lab (AI research lab at Staqu) and fuel it with clusters of GPUs and other technical resources. Currently, we are applying our research to solve pressing problems in the e-commerce sector. In the near future, we are planning on use it to address issues across other market segments, too. Throughout the funding process, our ideas were constantly cross-questioned, which helped us set a clear vision and goals."