With the unfolding opportunities in the areas of banking & finance, healthcare, agriculture, e-commerce, autonomous driving, and e-governance, Artificial Intelligence (AI) startup ecosystem is soaring in India. The ecosystem comprises of the industry, government, and the academia. By enabling companies in their product journey, the ecosystem is not only amplifying design and development capability of startup community, but is also catalyzing hardware and product innovation in the country.
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10 Most Recommended AI Startups - 2019
With the unfolding opportunities in the areas of banking & finance, healthcare, agriculture, e-commerce, autonomous driving, and e-governance, Artificial Intelligence (AI) startup ecosystem is soaring in India. The ecosystem comprises of the industry, government, and the academia. By enabling companies in their product journey, the ecosystem is not only amplifying design and development capability of startup community, but is also catalyzing hardware and product innovation in the country. 2016 was the year of AI Startups in India. Over the past two years, the numbers saw a staggering growth in the AI startups space. A recent report estimated that, Bangalore alone raised USD 87.85M in the AI space. For obvious reasons, Bangalore is the startup capital of India. This spectacular growth in the AI sector has allowed India to emerge as a nation with a robust ecosystem that enables AI startup professionals and founders to kick-start their ventures. According to a news report, a study by tech giant Accenture stated that AI has the potential to add USD 957 billion, or 15 percent of current gross value added, to India’s economy by 2035. As AI and machine learning capabilities are being included in more and more platforms and software, enterprises see their window to grab the opportunity to take a competitive advantage within their respective industries. For that, instead of investing on an entire AI research & development team, enterprises prefer reaching out to startups who can instantly meet their demands. AI and machine learning (including technologies such as deep learning, neural networks and NPL) encompass advanced systems that understand, learn, predict, adapt and potentially operate autonomously. The consolidation of parallel processing power, advanced algorithms and massive data sets to feed the algorithms has unleashed this new era. We understand the whole notion for AI. We understand why enterprises seek AI based solutions and why they particularly prefer contracting it to startups. Bangalore sure is a hotspot for AI based startups, but we thought to broaden our eagle eye view. Therefore, we bring to you ’10 Most Recommended AI Startups 2019’. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIO Insider editorial board, we believe these young companies can help your organization with a democratized access to AI and the right tools to experiment with applied AI and design innovations.
|Company Logo||Company Name||Company Management||Company Description|
|AIWare.ai||Sachith Sebastian, COO||Builds capabilities around Artificial Intelligence, Cognitive automation, Advanced analytics and Cloud computing.|
|Algomox||Anil A Kuriakose, CEO||A software and services company that assists businesses to accelerate artificial intelligence (AI) strategy.|
|Datafoundry||Vivek Kalagara, Founder||Leverages technologies such as AI, data science and cloud to optimize business operations across pharmaceutical space.|
|Day1 Technologies||Karthik Vermula, Co-Founder, Jayavardhan B N, CEO & Co-founder||Offers AI powered mobility solutions ranging from mobile app development, enterprise software to wearables and blockchain based development.|
|Ignis Tec||Harpeet Sachdeva, Founder & CEO||Deploys smart AI powered algorithm to build Online Reputation System.|
|Payjo||Srinivas Njay, Founder||Specializes in Bots, NLP, Digital Payments, Artificial Intelligence, and Machine Learning.|
|SocialCops||Prukalpa Sankar, Co-Founder||Provides data intelligence platform for real-time monitoring systems and strategic investment decisions making.|
|Taskmonk Technology||Sampath Herga, CTO & Founder||An AI & ML based company that provides businesses with data annotation/ labeling platform.|
|Visionbot||Amit Chakraborty, Co-Founder||Leverages computer vision and AI to extract objective analyzable data from subjective visuals.|
|WoWExp Technologies||Navin Manaswi, Founder & CEO||Blends AI & Mixed Reality to develop 3D Avatar and Virtual Try-on App.|