#StartupNews Indian AI startups raised $836.3 million in 202 | Trendfactory
#StartupNews
Indian AI startups raised $836.3 million in 2020, the largest funding outlay in the last seven years at a 9.7% year-on-year growth. The same year, Indian government increased the outlay for Digital India to $477 million to boost AI, IoT, big data, cybersecurity, machine learning and robotics. As a result, India’s AI ecosystem is seeing explosive growth with a lot of inventive startups entering the space.
Introducing the Top 10 Startups of 2021 in India.
Myelin Foundry
The startup helps transform industry outcomes by building artificial intelligence algorithms on video, voice and sensor data.
Myelin Foundry helps enterprises leverage the power of advanced neural compute in the shopfloor, automating decisions on reliability, availability and maintainability of plant equipment.
Nextbillion AI
The startup’s northstar is to build the world’s most easy-to-use, cost-effective and advanced hyperlocal AI solutions.
Nextbillion AI is a mapping platform for enterprises. Nextbillion AI helps enterprises address all the map-related requirements– last-mile optimisation, navigation, managing road restrictions, and finding the best-suited route for vehicles.
Wysa
The startup has developed an AI-powered chatbot that leverages evidence-based cognitive-behavioral techniques to make the user feel heard.
The solution has powered 100 million conversations. Regular users have shown a 40 percent improvement in self-reported symptoms of depression, the startup has claimed.
Emotix
The startup has developed a companion robot Miko to help parents keep their children occupied.
The startup leverages AI, robotics, and Internet of Things to identify moods, initiate conversations and learn from its surroundings to engage with a child. Miko does so by using computer vision to identify, remember and recollect known faces and objects.
Ziptrax Cleantech
The startup leverages AI-based engine and IoT enabled hardware to make lithium batteries last for up to 40 percent longer.
Ziptrax Cleantech has developed a digital platform to collect used batteries. Post collection, it puts the batteries through rigorous tests and quality checks. Then machine learning algorithms are used to segregate and regroup cells, and finally use AI to repurpose these discarded Li-ion batteries.
Yellow
It offers an omni-channel conversational AI tool to automate customer experiences for enterprises.
Yellow's client list includes the likes of Sephora, MG Motors, Bharat Petroleum, and FoodPanda. The startup’s chat and voice-based bots are available in 100-plus languages, and across 35-plus channels like web, Whatsapp, Instagram, in-app, IVR and contact center.
Qure
Qure is on a mission to use AI to make healthcare more accessible and affordable. It combines the strength of deep learning with clinical, scientific and regulatory knowledge to design real-world solutions.
The startup uses AI algorithms for medical imaging. It uses deep learning to analyse abnormalities on X-rays, CT Scans and MRIs. The startup’s products are powered by NVIDIA, AWS, Azure and Intel.
LogiNext
LogiNext is a transportation and automation startup. LogiNext offers logistics data analytics, warehouse management and asset tracking services. It’s AI-powered logistics management software tracks the workforce in real-time, enabling enterprises and businesses to plan and manage their dispatch schedule and delivery routes.
WotNot
WotNot is a B2C no-code chatbot platform and livechat solution. It allows enterprises to build and create powerful chatbots to engage visitors and enhance customer experience in real-time and across multiple channels. The startup helps enterprises solve business challenges including generating leads, booking appointments, and scaling customer support.
Ishitva Robotic Systems
The startup designs and builds waste sorting plants and solutions using Industry 4.0 technologies. It uses AI, ML and IoT to segregate waste and recover recyclables.
