Scaler has acquired the online learning platform AppliedRoots for $50 million in a cash and stock deal. The deal will allow it to strengthen its data science, Artificial Intelligence (AI) and Machine Learning (ML) capabilities, a senior company executive said. “This acquisition will help us grow faster in the AI and ML space. We have a long way, and the funds raised will grow business further through organic and inorganic ways,” Abhimanyu Saxena, Founder of Scaler, said.

AppliedRoots offers an online diploma course in AI and ML. The platform also provides GATE CS preparation and applied coding tracks. It has served over 40,000 learners in the last four years, the company said. “Our goal is to support the efforts and projects being done in the Data Science & ML team. We will also include a separate Data Analyst Sub track in the Data Science program,” Srikanth Varma Chekuri, co-founder of AppliedRoots, said.