Avance Technologies has recently signed a non-binding term sheet to acquire up to 100 per cent equity stake in Pushpak AI, a Hyderabad-based computer vision and edge AI platform. The proposed transaction marks Avance Technologies' strategic entry into the fast-growing visual intelligence and edge AI ecosystem.

The acquisition, if completed, would enable Avance Technologies to gain full strategic and operational control, allowing deeper integration of Pushpak AI’s intellectual property, platforms and enterprise relationships. The move aligns with rising adoption of computer vision and edge-based analytics across sectors such as manufacturing, infrastructure, smart cities, logistics, retail and industrial automation.

Pushpak AI has established a strong enterprise footprint, with deployments across automotive, infrastructure, manufacturing, logistics, smart city and financial services segments. Its client base includes leading corporates, public infrastructure projects and government-linked institutions, reflecting the platform’s scalability and readiness for mission-critical applications.

The proposed acquisition supports Avance Technologies' focus on building ownership in IP-led technology platforms with proven enterprise adoption, positioning the company to capitalise on long-term growth opportunities in the expanding global AI market.

Company Quote: “The proposed acquisition aligns with our strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption. Full ownership will enable deeper integration, faster go-to-market execution and long-term value creation from the rapidly expanding AI and computer vision ecosystem.”