SCHENECTADY, N.Y., July 2, 2024
/PRNewswire/ -- mavQ, an Artificial Intelligence, automation
platform company, is excited to announce the opening of its first
office in the Capital Region of New
York, Downtown Schenectady.
This milestone represents a significant leap in the company's
growth trajectory, marking its expansion in the region where mavQ
originated.
Co-founders Vamshi Vaddiraja and Mahesh
Nattanmai, both with deep roots in the region, selected the
State Street office space due to its vibrant community and
strategic location. The office will be shared with partner and
technology consulting firm MTX Group, fostering collaboration
between the two organizations. This development is expected to
create around 25 new technology jobs in the city, with plans for
continuous expansion from both mavQ and MTX Group.
"Our presence in Downtown
Schenectady underscores our commitment to close
collaboration within our team and enhanced support for our
customers as we continue to hire local and upskill our folks as
technology evolves," remarked mavQ CEO Vamshi Vaddiraja. "mavQ's capabilities give us
the unique privilege and opportunity to give back to the community
and local institutions. Being in close proximity allows for better
outcomes, improved team dynamics, and ultimately, superior service
delivery to our clients."
mavQ's premier offering, IntelliSuite, is an AI-driven
automation platform tailored uniquely for each customer. The
platform serves as a content gateway, automating content
classification, data extraction, and visualization with minimal
human intervention. Key features include content ingestion,
content classification, human-in-the-loop, content extraction,
workflow automation, and role-based permissions.
mavQ's value proposition has been realized by customers in
various verticals globally, including the University of Warwick, HonorHealth, Georgia
Department of Early Care and Learning (DECAL), Wyoming DFS, and
Clark County, Nevada, leading to
numerous success stories. Notably, in collaboration with an
agency's Utilities Assistance Program, mavQ utilized intelligent
document processing and automation to streamline the program's
paper application process. This initiative led to a remarkable 400%
reduction in manual processing time for applicants, thereby
enhancing social benefits for the customers and optimizing
efficiencies for agencies. In addition to bringing jobs and AI to
their home community, this move will help mavQ develop machine
learning technologies to drive actionable information, informing
business operations across multiple industries and regions in the
nation.
Last year, the Schenectady County Metroplex board approved a
$100,000 grant allowing both
organizations to move into the 9,000-square-foot space. At the
ribbon cutting, many local city officials, including Schenectady Mayor Gary
McCarthy, County Legislature Chairman Gary Hughes, and Assemblyman Angelo Santabarbara, reaffirmed their support.
Mayor Gary McCarthy told the new
tenants, "You fit into the fabric of this community and you fit
into the history of this community. More importantly, you're going
to be a significant partner in the future of this city and the
region."
The expansion into Downtown
Schenectady not only symbolizes mavQ's growth, but also
underlines the value proposition of its automation solutions. By
leveraging IntelliSuite, organizations can achieve transformative
outcomes, driving innovation, efficiency, and enhanced performance.
For more information about mavQ and its AI-driven automation
platform, contact info@mavq.com.
About mavQ
mavQ is an AI-driven, low-code content
services and automation platform, helping organizations process
multi-modal content, as well as derive actionable information
out of that content. From automating repetitive document processing
tasks to providing predictive analytics across disparate data
sources, mavQ uses white-box AI to drive insights across multiple
industries.
About MTX Group
MTX is a global technology consulting
firm that serves as a trusted advisor for government agencies and
businesses to modernize through digital transformation. With data
as the new currency, MTX helps transform long-term strategy with
outcomes focused on happiness, health, and economics. By partnering
with leading cloud technologies, MTX improves decision-making with
speed and quality.
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SOURCE mavQ