ZingHR makes strategic investment in SaaS startup LokiBots

HRtech startup ZingHR invested in four-year-old Silicon Valley-based SaaS startup LokiBots, which helps non-tech savvy people create software bots and automate repetitive computerized tasks.

The investment will help ZingHR leverage its AI-based software bots, conversational AI and document AI to add capabilities and features to its human capital management offerings.

It would further help ZingHR to expand its AI-based products and services and help it increase the efficiency of its HRtech products by 95% to 100%.

"Our aim with such strategic relationships is to set a new standard in speed, efficiency, and productivity in the HRtech industry," Prasad Rajappan, founder and MD of ZingHR, said in a statement.

ZingHR said it has added machine learning, deep learning and blockchain technology to its current products and enterprise offerings.