The closing of the investment is subject to obtaining appropriate regulatory approvals.
TVS Motor (Singapore) Pte. Limited, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest US$7 million in Scienaptic Systems Inc., a Delaware corporation, headquartered in New York City.
Scienaptic combines the latest big data technologies and proprietary machine learning and artificial intelligence algorithms on its decision platform, “Ether”.