Scale AI Acquires Team from Pesto AI, Paving the Way for Future Innovations
Introduction
Data-labeling startup Scale AI has announced the acquisition of the team behind Pesto AI, a platform that specialized in connecting companies with remote developers. This development was shared through a recent blog post by one of Pesto’s co-founders, Ayush Jaiswal.
Background on Pesto AI
Founded in 2017 by Ayush Jaiswal and Rahul Jaimini, a co-founder of the Indian food delivery service Swiggy, Pesto AI has made significant strides in the tech industry. The startup has secured backing from reputable investors, including Ryan Hoover of Product Hunt and Sahil Lavingia of Gumroad. According to data from Crunchbase, Pesto AI has successfully raised over $8 million in funding to date.
Closure of Pesto AI Operations
In light of the recent acquisition, Pesto AI has announced the closure of its operations. The company’s LinkedIn profile indicates that Pesto employed 71 individuals at the time, although it remains unclear how many of these employees will transition to roles at Scale AI.
New Chapter for Ayush Jaiswal
In his blog post, Jaiswal expressed enthusiasm about joining Scale AI, stating, “Earlier this year, I made the exciting decision to join Scale. This move marks the next chapter in a journey I’ve been deeply passionate about for years—exploring how we can harness the power of AI to create meaningful opportunities for people around the world.” Currently, Jaiswal holds the position of Head of Growth at Scale AI.
Focus on Developer Education
Reports indicate that Pesto AI initially focused on educating developers in its formative years, a mission that contributed to its reputation in the tech community.
Conclusion
As Scale AI integrates the expertise of the Pesto AI team, the tech landscape can expect innovations aimed at leveraging artificial intelligence for workforce development and recruitment. While details regarding employee transitions remain forthcoming, the merger signifies a strategic move towards enhancing Scale AI’s capabilities in the ever-evolving tech sector.
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