Omnilytics Announces Its Intent to Acquire Supahands

Omnilytics has announced its intent to acquire data labeling platform Supahands for $20 million. Following this acquisition, Omnilytics will focus on its strategic acquisition drive that will improve its core functions and technological capabilities.

With the rapid evolution of the e-commerce landscape in the recent times, Omnilytics as a fashion analytics and insights software has grown to keep up with the shifting consumer demands. The acquisition of Supahands will enable Omnilytics to fill a critical gap in its existing tech capabilities.

Supahands was founded in 2014. It is a highly-regarded data labeling platform that develops training data to enable clients to launch and scale high-performing artificial intelligence applications for their business

"Accelerating the adoption of AI is at the heart of our business at Supahands, having witnessed firsthand the tangible benefits that artificial intelligence and machine learning can bring to our clients as they strengthen the different pillars of their business from analytics to deployment. We are proud to be joining forces with Omnilytics who share our same vision of revolutionizing the retail tech ecosystem with unparalleled service and innovation while still serving our existing and new clients in other industries," said Mark Koh, CEO and Co-Founder of Supahands.

After completion of the acquisition-related transaction, Koh will join the Omnilytics Board, and join as the company's CSO.