(November 22, 2021) US-based software entrepreneur Anant Yardi, who is the founder of Yardi Systems which specialises in software for real estate, has donated $10 million (approx ₹75 crore) to his alma mater IIT-Delhi for the School of Artificial Intelligence.
“Artificial Intelligence technologies are driving global transformations, and playing a pivotal role in industrial, social and environmental change. We look forward to the ScAl strengthening education and research in Al, Machine Learning and Data Science, to enable commercial and societal applications. I am pleased to contribute to the School of Artificial Intelligence and help IIT Delhi continue its outstanding work in the field of academics and engineering,” said Yardi.
IIT Delhi director Ramagopal Rao called it a generous gift from Yardi that would help IIT-Delhi in its quest for “building better solutions for the benefit of society, environment and nation.”
“Mr Yardi’s gift would enable IIT Delhi to create state-of-the-art laboratories and attract talented students and researchers to its newly established School of Artificial Intelligence,” read a statement from the institute.
Yardi is the alumnus of IIT-Delhi and a gold medallist in mechanical engineering. He founded Yardi Systems in 1982 which now serves around 80 countries all over the world with 7,700 employees. It is the largest real estate software provider in North America and a leader in real estate asset and property management solutions. Before launching his own company, Yardi worked at Burroughs Corporation as a software development manager.