OnMobile Global Limited (OnMobile), a mobile entertainment company, announced that its subsidiary OnMobile Global Solutions Canada Ltd. has acquired 100% stake in rob0, a startup that offers patent pending Vision AI technology.
This investment is in continuation to the initial acquisition of 25% equity stake in May 2020, the statement said.
rob0 gathers, analyses and provides smart insights that help to clearly understand user behaviour, optimise gameplay and increase player retention.
This investment by OnMobile, is the second major step towards the creation of ONMO, the D2C mobile cloud-gaming platform, after the acquisition of Appland AB, Sweden in October 2018. These strategic acquisitions lay the foundation of technologies which form the pillars of ONMO, the company said.
Alongside, OnMobile has hired a stellar team of product managers, engineers and marketers who are working on developing ONMO, which is built on three key mobile gaming trends (eSports, Social and Short Form Gaming) and two disruptive technologies (AI and Cloud Streaming), and is currently being Beta tested in 3 locations globally. rob0’s low bandwidth session streaming and AI generated user spotlights will be a key tool in making ONMO a global success, it added.
Commenting on this acquisition, François-Charles Sirois, Executive Chairman, OnMobile Global, said, “rob0’s acquisition brings to life our ONMO mission of creating the best gaming moments that bring esports to everyone in one click, and takes us a step closer to our goal to be the uncontested leader in social esports globally.”
Krish Seshadri, Chief Executive Officer, OnMobile Global, said “rob0 has been an integral part of our cloud gaming product, ONMO. rob0’s technology and Vision AI picks the best parts of a game and helps ONMO create thousands of short, unique challenges for mobile casual esports players”
“We’re excited to help build the next generation of mobile gaming. OnMobile’s vision for the future of casual games is inspiring and I’m proud to see our vision AI technology playing an essential role in making it possible.”, said Richard Rispoli, Co-Founder and CEO, Technologies rob0 Inc.
OnMobile is a global leader in mobile entertainment. Headquartered in Bangalore, India and with offices in all regions of the world, OnMobile offers a wide array of products such as Videos, Tones, Games & Contests. OnMobile has an addressable base of more than 1.68 billion mobile users and over 100 million active subscribers across several geographies based on current deployments.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.