AIA’s Amplify Health acquires AI startup AiDA, plans hiring spree

AMPLIFY Health, an healthtech set up by AIA, has fully acquired artificial intelligence (AI) startup AiDA Technologies as it looks to expand its team by hundreds of staff by the end of 2023.

The value of the deal, which was all-cash, was undisclosed.

Singapore-based AiDA was founded in 2016 by Tan Geok Leng, Shonali Krishnaswamy, Sivakumar Viswanathan and Tam Nguyen, a team of data scientists from the InfoComm Research Institute under the Agency for Science, Technology and Research.