ZingHR Announces Strategic Investment in LokiBots: Bringing AI and Blockchain Technology Closer

According to reports, ZingHR, a blockchain HRTech company supported by Microsoft, announced a strategic investment in LokiBots, an AI software as a service startup. The specific amount of investment has not been disclosed yet. ZingHR’s products currently integrate machine learning, deep learning, and blockchain technology. After this acquisition, LokiBots’ AI robots and conversational AI will be included. It is reported that ZingHR previously obtained an equity investment of approximately $10 million from Tata Capital Growth Fund, which has acquired 33% of the company’s equity. （prnewswire）

Microsoft supported blockchain HRTech company ZingHR strategic investment AI start-up LokiBots

ZingHR, a leading HRTech company supported by Microsoft, has recently revealed that it has made a strategic investment in LokiBots, an AI software as a service startup. While the exact amount of investment has not been disclosed, this acquisition is expected to bring together two of the most cutting-edge technologies of the modern era – artificial intelligence and blockchain.

What is ZingHR?

Before we delve into the details of this investment, let us first understand a bit about ZingHR. The company is known for its innovative HR solutions that integrate the latest technologies to simplify HR processes for businesses of all sizes. ZingHR’s products currently integrate machine learning, deep learning, and blockchain technology to enable smarter, faster, and more efficient HR management.

Who are LokiBots?

LokiBots, on the other hand, is an AI software as a service (SaaS) startup that provides highly customizable automation solutions to businesses. Their solutions are designed to automate repetitive tasks and enable businesses to focus on more critical aspects of their operations. With the integration of LokiBots’ AI robots and conversational AI, ZingHR’s products are expected to become even more intelligent and intuitive.

How Will This Acquisition Benefit ZingHR and LokiBots?

The coming together of ZingHR and LokiBots is expected to drive innovation in the HRTech space. While ZingHR has already established itself as a leader in this field, its acquisition of LokiBots is expected to bolster its offerings significantly. With the addition of LokiBots’ AI capabilities, ZingHR’s products will become more intelligent and efficient, enabling businesses to automate even more HR processes.
For LokiBots, this acquisition is a massive boost in terms of exposure and credibility. As a relatively new startup, LokiBots will now be able to leverage ZingHR’s extensive client base to grow its business. Additionally, the integration of its AI solutions with ZingHR’s products is expected to open up new, exciting opportunities for the company.

What Does This Mean for the Future of AI and Blockchain Technology?

This strategic investment by ZingHR is a clear indication of the growing significance of AI and blockchain technology in the business world. With the integration of AI and blockchain, businesses will be able to automate more processes, gain better insights, and make smarter decisions.
Furthermore, the integration of AI and blockchain is expected to improve the security and transparency of HR processes significantly. In the age of data breaches and cybercrime, the importance of secure and transparent HR management cannot be overstated. The coming together of ZingHR and LokiBots is expected to address these concerns and provide businesses with a more secure, transparent, and efficient HR management system.

Conclusion

The strategic investment by ZingHR in LokiBots is a significant development in the HRTech space. With the integration of AI robots and conversational AI, ZingHR’s products are expected to become even more intelligent, efficient, and intuitive. This will enable businesses to automate more HR processes and focus on more critical aspects of their operations.
Moreover, the integration of AI and blockchain is expected to improve the security and transparency of HR processes, which is essential in today’s highly digitized business world. As businesses look for ways to stay ahead of the competition, the integration of these technologies is expected to play a significant role in their success.

FAQs

1. What is ZingHR?

ZingHR is a leading HRTech company that provides innovative HR solutions to businesses of all sizes. Their products integrate the latest technologies such as machine learning, deep learning, and blockchain to enable smarter, faster, and more efficient HR management.

2. What is LokiBots?

LokiBots is an AI software-as-a-service startup that provides highly customizable automation solutions to businesses. Their solutions are designed to automate repetitive tasks and enable businesses to focus on more critical aspects of their operations.

3. Why is the integration of AI and blockchain important?

The integration of AI and blockchain is essential in today’s highly digitized business world as it improves the security and transparency of HR processes. It also enables businesses to automate more processes, gain better insights, and make smarter decisions.