Infibeam Avenues appoints Rajesh Kumar as CEO of Phronetic.AI

Infibeam Avenues today announced the appointment of Rajesh Kumar SA as the chief executive officer (CEO) of Phronetic.AI.

In his capacity as CEO, Kumar will assume a crucial role in architecting and spearheading the blueprint for the expansion and elevation of Infibeam's artificial intelligence business – Phronetic.AI, under the leadership of Vishal Mehta, chairman and managing director at Infibeam Avenues.

Before joining Infibeam, Kumar served as the director of Machine Learning at Meesho. He also co-founded Streamoid, a deep-tech computer vision company in the fashion AI space.

The infusion of Kumar's leadership is expected to catalyse the development and fortification of Infibeam's artificial intelligence business, solidifying its position in AI and financial technology.

Last year, Infibeam unveiled India's first Artificial Intelligence (AI) Hub at GIFT city, Gandhinagar. It was christened as Phronetic.AI to concentrate initially on fintech, financial, retail and enterprise space, directing its efforts toward developing AI solutions for fraud detection, authentication, and risk identification (FAR).

In a recent development, Infibeam Avenues signed MoU of Rs 2000 crore with the Gujarat Government Vibrant Gujarat Global Summit (VGGS) 2024 for its AI-Hub.