In keeping with AIMResearch, Indian AI startups raised $836.3 million in 2020, the biggest funding outlay within the final seven years at a 9.7% year-on-year development. The identical yr, Indian authorities elevated the outlay for Digital India to $477 million to spice up AI, IoT, huge knowledge, cybersecurity, machine studying and robotics. Within the 2019 Union Price range, Finance Minister Nirmala Sitharaman stated the federal government would supply industry-relevant talent coaching for 10 million youth in India in applied sciences like AI, Huge Knowledge and robotics.
To wit, India’s AI ecosystem is seeing explosive development with lots of creative startups coming into the area. Analytics India Journal comes with an inventory of 10 distinctive startups main the AI race yearly.
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Listed below are the lists from earlier years: 2020 | 2019 | 2018 | 2017 | 2016
Under, now we have corralled the highest AI startups in India in 2021.
(The listing is in no explicit order)
Myelin Foundry
Integrated in 2019, Myelin Foundry is a deep tech product startup based by Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann. The Bengaluru-based startup helps rework {industry} outcomes by constructing synthetic intelligence algorithms on video, voice and sensor knowledge.
Myelin Foundry helps enterprises leverage the facility of superior neural compute within the shopfloor, automating selections on reliability, availability and maintainability of plant tools.
Its options embody:
- Myelin Edge AI Platform
- Offering real-time analytics and insights
- Edge AI to take selections and actions on distant equipments and person units
- Video and Sensor Knowledge
Myelin Foundry is backed by marquee traders together with Endiya Companions, Pratithi Investments, and Past Subsequent Ventures. It has been part of Microsoft for Startups, NVIDIA Inception Program, and Netapp Excellerator. The startup additionally received the NASSCOM Emerge 50 Awards 2020 within the enterprise class.
For extra data, click on here.
Supply: Google Cloud’s web site
Nextbillion AI
Based by Ajay Bulusu, Gaurav Bubna and Shaolin Zheng in 2020, Nextbillion AI is headquartered in Singapore, with places of work in Bengaluru, Hyderabad and Beijing. The startup’s northstar is to construct the world’s most easy-to-use, cost-effective and superior hyperlocal AI options.
Nextbillion AI is a mapping platform for enterprises. Nextbillion AI helps enterprises tackle all of the map-related necessities– last-mile optimisation, navigation, managing street restrictions, and discovering the best-suited route for automobiles.
One yr into its inception, Nextbillion AI has mapped greater than two lakh kilometres of roads, managed a couple of lakh restrictions and dealt with two lakh million API Calls. Going ahead, Nextbillion AI goals to be the worldwide chief in synthetic intelligence-powered hyperlocal options.
The startup is backed by Lightspeed Enterprise Capital, Falcon Edge Capital and Microsoft’s enterprise fund M12.
For extra data, click on here.
Wysa
Based in 2015 by Ramakant Vempati and Jo Aggarwal, Wysa helps customers self-manage stressors by mixing AI-guided listening with provisional knowledgeable assist. The Bengaluru-based startup has developed an AI-powered chatbot that leverages evidence-based cognitive-behavioral methods to make the person really feel heard.
The answer has powered 100 million conversations. Common customers have proven a 40 % enchancment in self-reported signs of despair, the startup has claimed.
Wysa is part of the Google Assistant Funding programme. It was awarded the Finest App of 2020 award by Google Play. The startup is backed by Boston’s W Well being Ventures, pi Ventures and Kae Capital.
For extra data, click on here.
Emotix
Mumbai-based Emotix (brief for emotional intelligence) was based by IIT Bombay alumni Sneh Vaswani, Prashant Iyenger and Chintan Rajkar, in 2015. The startup has developed a companion robotic Miko to assist mother and father hold their youngsters occupied.
The startup leverages AI, robotics, and Web of Issues to determine moods, provoke conversations and be taught from its environment to have interaction with a toddler. Miko does so through the use of laptop imaginative and prescient to determine, bear in mind and recollect recognized faces and objects.
The startup is backed by IvyCap Ventures, Chiratae Ventures, and YourNest Capital.
Going forward, Emotix aspires to deliver its options to twenty million houses throughout verticals childcare, aged care and so on.
For extra data, click on here.
Ziptrax Cleantech
The Delhi-based startup leverages AI-based engine and IoT enabled {hardware} to make lithium batteries final for as much as 40 % longer.
Ziptrax Cleantech, based by Sonia Singh, has developed a digital platform to gather used batteries. Put up assortment, it places the batteries via rigorous checks and high quality checks. The startup then makes use of machine studying algorithms to segregate and regroup cells, and at last use AI to repurpose these discarded Li-ion batteries. Moreover, Ziptrax Cleantech manufactures battery packs for 2 and three-wheeler EVs. The startup provides a second life to Li-ion batteries with enhanced options together with fast-charging, longer service life, zero upkeep, distant monitoring, clever energy, and excessive DoD.
Ziptrax Cleantech is backed by Shell.
For extra data, click on here.
Yellow.ai
Based in 2016 by Raghu Ravintala, Jaya Kishore Gollareddy and Rashid Khan, Yellow.ai was previously generally known as Yellow Messenger. It gives an omni-channel conversational AI instrument to automate buyer experiences for enterprises.
Yellow.ai’s shopper listing contains the likes of Sephora, MG Motors, Bharat Petroleum, and FoodPanda. The startup’s chat and voice-based bots can be found in 100-plus languages, and throughout 35-plus channels like internet, Whatsapp, Instagram, in-app, IVR and speak to middle.
Earlier this yr, Yellow.ai collaborated with Microsoft to rework its voice automation answer utilizing Azure AI Speech Companies and Pure Language Processing (NLP) instruments.
For extra data, click on here.
Qure.ai
Based in 2016 by Prashant Warier and Pooja Rao, Qure.ai is on a mission to make use of AI to make healthcare extra accessible and inexpensive. It combines the power of deep studying with medical, scientific and regulatory data to design real-world options.
The Mumbai-based startup makes use of AI algorithms for medical imaging. It makes use of deep studying to analyse abnormalities on X-rays, CT Scans and MRIs. The startup’s merchandise are powered by NVIDIA, AWS, Azure and Intel.
Qure.ai’s options embody qXR, qER, and qQuant. It’s backed by Fractal, Sequoia, and MassMutual Ventures.
For extra data, click on here.
LogiNext
Based in 2014 by Dhruvil Sanghvi and Manisha Raisinghani, LogiNext is a transportation and automation startup. LogiNext gives logistics knowledge analytics, warehouse administration and asset monitoring providers. It’s AI-powered logistics administration software program tracks the workforce in real-time, enabling enterprises and companies to plan and handle their dispatch schedule and supply routes.
Initially headquartered in Mumbai, the SaaS firm has now moved its base to the US. It additionally has places of work in Singapore, Indonesia and UAE. It operates in additional than 50 nations, serving as much as 150-plus enterprise purchasers together with Myntra, McDonald’s and Decathlon. LogiNext is backed by the likes of Tiger International Administration and Steadview Capital.
For extra data, click on here.
WotNot
Based by Mitul Makadia in 2018, WotNot is a B2C no-code chatbot platform and livechat answer. It permits enterprises to construct and create highly effective chatbots to have interaction guests and improve buyer expertise in real-time and throughout a number of channels. The platform supplies options together with model management, autosave, auto-arrange, bot administration, undo-redo, and clone, amongst others. Moreover, the chatbots are multilingual, cost-effective, and omni-channel. The Ahmedabad-based startup helps enterprises clear up enterprise challenges together with producing leads, reserving appointments, and scaling buyer assist.
WotNot comes with a built-in analytics suite permitting companies to trace objectives, measure bot engagement, and procure insights together with nations, retention charge, funnel evaluation, and person behaviour. It additionally integrates seamlessly with Salesforce, Zoho, Shopify, and Zendesk.
WotNot works with enterprises within the manufacturing, real-estate, insurance coverage, banking, and healthcare sectors. Its purchasers embody Srijan, Piramal Realty, Zuru and Crayons Communications.
For extra data, click on here.
Ishitva Robotic Methods
Based in 2018, Ishitva Robotic Methods is headquartered in Ahmedabad. Based by Jitesh Dadlani and Sandip Singh, the startup designs and builds waste sorting vegetation and options utilizing Business 4.0 applied sciences. It makes use of AI, ML and IoT to segregate waste and get well recyclables.
Ishitva’s options embody NETRA (Machine Imaginative and prescient System), SUKA (AI-powered Air sorting), YUTA (AI-powered robotic sorting) and IoT-enabled good bins. Thus far, the startup has sorted 375 MT combine waste, recovered 215 MT plastic, and has deployed 4 air sorters and one robotic. Ishitva is part of the NVIDIA Inception Program.
For extra data, click on here.
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