TIXT - TELUS International acquires Playment terms undisclosed

TELUS International (TIXT) has acquired Bangalore-based Playment, a leader in data annotation and computer vision tools and services specialized in 2D and 3D image, video and LiDAR.Financial terms of the deal were not disclosed.The acquisition follows TELUS International’s recent purchase of Lionbridge AI. The acquisition will expand company’s computer vision capabilities. The computer vision market is forecast to grow from nearly $16B in 2021 to more than $50B by 2026, according to an analysis by MarketsandMarkets. Playment was founded in 2015 and received funding from Elevation Capital (formerly SAIF Partners) and Y Combinator in the early phases of its development.

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TELUS International acquires Playment, terms undisclosed