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Conversational messaging platform Gupshup acquires Singapore's Active.AI

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Conversational messaging platform Gupshup has acquired Singapore-headquartered conversational AI platform for banks and fintech companies Active.Ai. Founded in 2016 by Ravi Shankar, Shankar Narayanan and Parikshit Paspulati, Active.Ai serves customers across 43 countries with a conversational banking as a service (CBaaS) platform that helps clients engage with millions of consumers. In June 2019, Active.ai had raised USD 3 million in its Series A round from Kalaari Capital, Chiratae Ventures, Vertex Ventures, Creditease Holdings and Dream Incubator. This is Gupshup's second acquisition in 2022. Earlier in February it acquired cloud telephony company Knowlarity Communications. In September last year, Gupshup bought New Jersey-based rich communications services (RCS) startup Dotgo. Gupshup enables digital commerce businesses with conversational messaging across channels.