Blockchain-based Data Exchange Platform, VeriSmart acquires Delhi-based conversational AI platform, DolphinChat (Formerly CivilCops). VeriSmart will be investing $4 million in the DolphinChat platform over the next 24 months. DolphinChat’s core team will be joining VeriSmart.
“DolphinChat platform will get access to millions of consumers that are part of VeriSmart’s industry consortiums. VeriSmart is rapidly growing and DolphinChat will only strengthen their overall proposition to enterprises” said Ashish Sharma, Founder & CEO of DolphinChat (Formerly CivilCops).
DolphinChat (Formerly CivilCops) launched in 2017 by Ashish Sharma and Kusha Kohli with backing from Orbit Startups (SOSV) and angel investors Dhianu Das and Ritesh Malik.
Commenting on the same Saurabh Gupta, Founder and CEO of VeriSmart added “VeriSmart is creating infrastructure for super apps with our Industry Consortiums by enabling businesses to interact with each other in a privacy-compliant manner. This enables end consumers to get a multitude of products and services through the existing service providers. The integration of DolphinChat’s omnichannel communication layer will help extend VeriSmart’s functionality to manage end-consumer consent for data use in our Data Exchange Consortiums more efficiently. I am confident that integration of DolphinChat with VeriSmart is going to create an end-to-end solution for enterprises as well as the end consumers”.
“This acquisition marks a major milestone not only for VeriSmart but also for the real-world applications of blockchain technology, enabling enterprises to harness the true potential of blockchain and data. Having worked with both companies since their early days, we are excited about this development and can’t wish for a better team to deliver on this mission.” said William Bao Bean, Managing Director of Orbit Startups