chennai verse innovation the parent company of dailyhunt said on tuesday that it has acquired cognirel technologies a bengalurubased ai solutions provider for an undisclosed sumwith this acquisition verse brings on board cognirel founder ram prakash to head its newly instituted ai labcognirel is verses first acquisition since turning a unicorn in december 2020 earlier this month verse innovation raised around 100 million in a funding round led by global investors qatar investment authority qia the sovereign wealth fund of the state of qatar and glade brook capital partnerscurrently verses proprietary technology platform powers more than 300 million users to consume content in their local language on dailyhunt its technology also powers its short video app joshthe ai lab will focus on enhancing and developing state of the art models through computer vision and deep learning innovations for understanding video content in terms of their visual audio semantic and sociolinguistic aspects to enable better user recommendations and experiences on existing platforms while also working on fundamental research that pushes the frontiers in ai ml as it reshapes indias content landscape the company saidwe are inspired by rams deep curiosity and understanding of indias language landscape his achievements in the field of ai ml precede him and he comes armed with an exceptional team and the expertise that we believe will create true impact for local language users through the reach and scale of dailyhunt and josh verse innovation founders virendra gupta and umang bedi said