The Singapore-based ride-hailing service provider will adopt Microsoft’s cloud platform Azure, utilizing the company’s intelligent cloud and AI know-hows to move up Grab’s platform efficiently and thereby increasing its competency.
Founded in 2012, Grab currently offers its services in 235 cities across Singapore, Indonesia the Philippines, Malaysia, Thailand, Vietnam, Myanmar, and Cambodia. The company provides commuting, food delivery, and payment solutions through its app.
Grab believes that Microsoft’s machine learning and AI capabilities, as well as Azure’s data analytics, will improve its customer services. “This partnership signals a deep collaboration with Microsoft on an array of technology projects, including big data and artificial intelligence, that will transform the delivery of everyday services and mobility solutions in Southeast Asia,” said Ming Maa, President of Grab.
In early August, Grab raised $2 billion through a Series-H funding in which Toyota was the main investor apart from some global financial institutions. As per Crunchbase, the company had raised so far $6.1 billion through various rounds of funding.
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Meanwhile, shares of Microsoft which hit a fresh 52-week high ($116.18) on October 3, are trading up about 2% during Tuesday’s morning session from yesterday’s closing price of $110.85.