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Avance Technologies signs term sheet to acquire Pushpak AI computer vision platform
Avance Technologies has signed a non-binding term sheet to acquire Pushpak AI, a computer vision and video analytics platform, subject to due diligence and approvals.
Avance Technologies Limited has signed a non-binding term sheet to acquire up to a 100% equity stake in Pushpak AI, a Hyderabad based developer of computer vision and AI-powered video analytics solutions used in security, safety, and traffic management. The proposed acquisition is subject to due diligence and regulatory approvals and represents a strategic move for Avance to expand its AI and technology offerings beyond its existing IT and digital services portfolio.