Cambridge Innovations invests in Photokharma Inc

IT services provider Cambridge Technology Enterprises Ltd on Monday said Cambridge Innovations has invested in Photokharma Inc, a company focused on using advanced face recognition and other deep learning technologies to automatically share photographs. In a filing to the Bombay Stock Exchange, the company said, “Cambridge Innovations, launched by Cambridge Technology Enterprises, an IT services leader focused on the convergence of big data and cloud, announces its investment in Photokharma Inc., a company focused on using advanced face recognition and other deep learning technologies to automatically share photographs.” However, the company did not disclose the transaction details. Meanwhile, shares of the company closed at Rs 145.40 apiece, up 1.96 per cent, from previous close on BSE.