iLearningEngines, Inc. (Nasdaq: AILE) (“iLearningEngines” or “the
Company”), a leader in AI-powered learning and work automation,
today announced the launch of the Microverse AI Engine with UL
Technology Solutions (“ULTS”), an IT service provider based in
Kerala, India. The Microverse AI Engine is set to transform how
ULTS manages content creation and training for over 450
employees.
ULTS’ large staff fulfills many different roles and
responsibilities by using various skillsets and workflows. As part
of its mission to provide large companies with the latest
technologies, ULTS needed to train developers on how to use an
AI-powered analytics platform. However, there were limited courses
available online and the analytics platform’s learning content was
often not user friendly.
“Our journey with iLearningEngines has transformed how we manage
learning and development at ULTS,” said Shaina Sameer, Head of
Learning and Development at ULTS. “I am excited about the future
possibilities Microverse and iLearningEngines’ Learning Automation
platform offers ULTS, enhancing our ability to train and educate a
growing, dispersed workforce in the exact educational areas they
need to help drive themselves and our organization
forward."
ULTS needed a learning automation system that could be tailored
to its environment, learnings and patterns. The trainings also
needed to be customized to match the role of the employee assigned
to take the course, and strategically assembled with engaging
content for maximum retention of information. Microverse, an AI
Engine in the iLearningEngines platform, is designed to deliver
targeted, scalable learning solutions across various functions. The
course and content creation tool utilizes AI to consume and
repurpose data from both internal and external sources, while the
iLearningEngines Learning Automation platform’s robust tracking
systems, configurable dashboards, and mobile accessibility ensure
every employee engages with consistent, impactful learning
experiences. Each individual’s training status and progress updates
are instantly available through the Learning Automation
platform.
“When ULTS shared their requirement of building a training
program on a complex technical subject, we knew that the Microverse
AI Engine would be the ideal fit for them as we could help
accelerate content creation for the learning team and help users
get trained in a short time,” said Ratish Nair, AVP, Sales and
Business Development at iLearningEngines. “Historically, developing
a comprehensive course like this would have required a team of
specialists: a data analytics engineer, a Microsoft engineer, and a
learning development manager, and would require several weeks to
complete. We were able to roll this out in just two
weeks.”
Leveraging Microverse, ULTS can create interactive courses
featuring multimedia content including videos, interactive quizzes,
knowledge checks and assessments. These richer, more comprehensive
multimedia training components keep users engaged and ensure
maximum information retention when training courses are
completed.
Ultimately, iLearningEngines’ Microverse AI Engine has enabled
ULTS to train employees on the use of a new, cutting-edge
technology platform in less time than was possible using ULTS’
legacy training approach. The portfolio of AI Engines found on
iLearningEngines’ Learning and Work Automation platform also equips
ULTS with the necessary tools for future AI initiatives, enabling
ULTS to meet the varying functional needs of their customers across
industries.
“Partnering with iLearningEngines as our AI technology provider
was an obvious choice for us. Their ability to deliver
cross-industry and cross-functional AI applications aligns
perfectly with our vision,” said Murali Gopalan, CEO of ULTS. “What
makes iLearningEngines stand out is their proven track record in
creating configurable and scalable AI solutions that cater to a
broad spectrum of industries” For more information about
iLearningEngines and to arrange a demonstration, please visit:
www.ilearningengines.com.
About iLearningEngines iLearningEngines
(Nasdaq: AILE) is a leading Applied AI platform for learning and
work automation. iLearningEngines enables Enterprises to rapidly
productize and deploy a wide range of AI applications and use cases
(AI Engines) at scale.
iLearningEngines is powered by proprietary vertical specific AI
models and data with a flexible No Code AI canvas to drive rapid
out-of-the-box deployment while offering low latency and high
levels of data security and compliance.
Serving over 1,000 enterprise end customers, iLearningEngines is
deployed globally into some of the most demanding vertical markets
including Healthcare, Education, Insurance, Retail, Energy,
Manufacturing and Public Sector to achieve mission critical
outcomes.
Forward-Looking Statements Certain
statements included in this press release that are not historical
facts are forward-looking statements for purposes of the safe
harbor provisions under the United States Private Securities
Litigation Reform Act of 1995 with respect to the Business
Combination. Forward looking statements generally are accompanied
by words such as “believe,” “may,” “will, “estimate,” “continue,”
“anticipate,” “intend”, “expect”, “should”, “would”, “plan”,
“predict”, “potential”, “seem”, “seek”, “future”, “outlook”, the
negative forms of these words and similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding the adoption of
iLearningEngines’ Enterprise AI Platform; the ability of the
Microverse AI Engine, to transform how ULTS manages learning and
development for its employees and enhance ULTS’s ability to train
its workforce; the ability of iLearningEngines’ platform to equip
ULTS with tools for future training initiatives and enable ULTS to
meet the varying functional needs of their customers across
industries; iLearningEngines’ ability to deliver cross-industry and
cross-functional AI applications and iLearningEngines’ ability to
address market opportunities across artificial intelligence. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of the iLearningEngines’ management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on by an investor as, a guarantee, an
assurance, a prediction, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions this press
release relies on. Many actual events and circumstances are beyond
the control of iLearningEngines. These forward-looking statements
are subject to a number of risks and uncertainties, including
changes in domestic and foreign business, market, financial,
political, and legal conditions; iLearningEngines’ failure to
realize the anticipated benefits of its recently completed business
combination with Arrowroot Acquisition Corp.; risks related to the
rollout of iLearningEngines’ business and the timing of expected
business milestones; iLearningEngines’ dependence on a
limited number of customers and partners; iLearningEngines’ ability
to obtain sufficient financing to pay its expenses incurred in
connection with the closing of the business combination; the
ability of iLearningEngines to issue equity or equity-linked
securities or obtain debt financing in the future; risks related to
iLearningEngines' need for substantial additional financing to
implement its operating plans, which financing it may be unable to
obtain, or unable to obtain on acceptable terms; iLearningEngines’
ability to maintain the listing of its securities on Nasdaq or
another national securities exchange; the risk that the business
combination disrupts current plans and operations of
iLearningEngines; the effects of competition on iLearningEngines’
future business and the ability of iLearningEngines to grow and
manage growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; risks
related to political and macroeconomic uncertainty; the outcome of
any legal proceedings that may be instituted against
iLearningEngines or any of their respective directors or officers,
including litigation related to the business combination; the
impact of the global COVID-19 pandemic on any of the foregoing
risks; and those factors discussed in iLearningEngines’
registration statement on Form S-4, as amended or supplemented,
under the heading “Risk Factors,” and other documents
iLearningEngines has filed, or will file, with the SEC. If any of
these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
iLearningEngines does not presently know, or that iLearningEngines
does not currently believe are immaterial, that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect iLearningEngines’ expectations, plans, or forecasts of
future events and views as of the date of this communication.
iLearningEngines anticipates that subsequent events and
developments will cause iLearningEngines’ assessments to change.
However, while iLearningEngines may elect to update these
forward-looking statements at some point in the future,
iLearningEngines specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as
representing iLearningEngines’ assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
For iLearningEngines
Investors: iLearningEngines,
investors@ilearningengines.com Kevin Hunt,
iLearningEnginesIR@icrinc.com
For iLearningEngines PR: Dan Brennan, ICR
Inc., iLearningPR@icrinc.com
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