Top 10 Indian startups in Artificial Intelligence
1. Myelin Foundry
Myelin Foundry was founded in 2019 by Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann as a deep tech product startup. By developing artificial intelligence algorithms based on video, voice, and sensor data, the Bengaluru-based startup contributes to the transformation of industry outcomes. Myelin Foundry assists enterprises in leveraging the power of advanced neural computing on the shop floor, automating decisions on plant equipment reliability, availability, and maintainability. Myelin Foundry is among the notable investors in Myelin Partners, Pratithi Investments, and Beyond Next Ventures. It has participated in the Microsoft for Startups, NVIDIA Inception Program, and Netapp Excellerator programs. The enterprise category of the NASSCOM Emerges 50 Awards 2020 was also won by the startup.
2. Nextbillion AI
Next billion AI, founded in 2020 by Ajay Bulusu, Gaurav Bubna, and Shaolin Zheng, is headquartered in Singapore with offices in Bengaluru, Hyderabad, and Beijing. The startup’s mission is to create the world’s most user-friendly, cost-effective, and advanced hyperlocal AI solutions.
Nextbillion AI is an enterprise mapping platform. Nextbillion AI assists enterprises with all map-related needs, including last-mile optimization, navigation, managing road restrictions, and determining the best route for vehicles. After one year, Nextbillion AI has mapped over two lakh kilometers of road, managed over one lakh restrictions, and handled over two lakh million API calls. Nextbillion AI aspires to be the global leader in artificial intelligence-powered hyperlocal solutions in the future.
Wysa, founded in 2015 by Ramakant Vempati and Jo Aggarwal, assists users in self-managing stressors through a combination of AI-guided listening and provisional expert support. The Bengaluru-based startup has created an artificial intelligence-powered chatbot that uses evidence-based cognitive-behavioral techniques to make the user feel heard. The solution has powered 100 million conversations. According to the startup, regular users have seen a 40% improvement in self-reported symptoms of depression.
Wysa is a Google Assistant Investment program participant. Google Play named it the Best App of 2020. W Health Ventures, pi Ventures, and Kae Capital are among the investors in the startup.
Mumbai-based Sneh Vaswani, Prashant Iyenger, and Chintan Rajkar, all IIT Bombay alumni, founded Emotix (short for emotional intelligence) in 2015. Miko, the startup’s companion robot, will help parents keep their children entertained.
To interact with a child, the startup employs artificial intelligence, robotics, and the Internet of Things to detect moods, initiate conversations, and learn from its surroundings. Miko accomplishes this by employing computer vision to recognize, remember, and recall familiar faces and objects. In the future, Emotix hopes to bring its solutions to 20 million homes in sectors such as childcare and elderly care.
5. Ziptrax Cleantech
The Delhi-based startup uses an AI-powered engine and IoT-enabled hardware to extend the life of lithium batteries by up to 40%.
Sonia Singh founded Ziptrax Cleantech, which has created a digital platform for collecting used batteries. Following collection, the batteries are subjected to stringent tests and quality checks. The startup then uses machine learning algorithms to separate and regroup cells before repurposing these discarded Li-ion batteries with AI. Ziptrax Cleantech also manufactures battery packs for two and three-wheeler EVs. The startup gives Li-ion batteries a second chance with improved features such as fast charging, longer service life, zero maintenance, remote monitoring, intelligent power, and high DoD.
Raghu Ravintala, Jaya Kishore Gollareddy, and Rashid Khan. It provides an omnichannel conversational AI tool for enterprises to automate customer experiences. Yellow.ai’s clients include Sephora, MG Motors, Bharat Petroleum, and FoodPanda. The chat and voice-based bots from the startup are available in over 100 languages and across 35 channels, including web, Whatsapp, Instagram, in-app, IVR, and contact center.
Prashant Warier and Pooja Rao founded Qure.ai in 2016 with the goal of using artificial intelligence to make healthcare more accessible and affordable. To design real-world solutions combines the power of deep learning with clinical, scientific, and regulatory knowledge.
The Mumbai-based startup employs artificial intelligence algorithms in medical imaging. Deep learning is used to analyze abnormalities in X-rays, CT scans, and MRIs. NVIDIA, AWS, Azure, and Intel power the startup’s products.
LogiNext is a transportation and automation startup founded in 2014 by Dhruvil Sanghvi and Manisha Raisinghani. LogiNext provides services such as logistics data analytics, warehouse management, and asset tracking. Its artificial intelligence-powered logistics management software monitors the workforce in real-time, allowing enterprises and businesses to plan and manage their dispatch schedules and delivery routes. The SaaS company, which was originally based in Mumbai, has now relocated to the United States. It also has offices in Singapore, Indonesia, and the United Arab Emirates. It operates in over 50 countries and serves over 150 enterprise clients, including Myntra, McDonald’s, and Decathlon. Tiger Global Management and Steadview Capital are among the investors in LogiNext.
WotNot, founded in 2018 by Mitul Makadia, is a B2C no-code chatbot platform and live chat solution. It enables businesses to build and deploy powerful chatbots in real-time and across multiple channels to engage visitors and improve customer experience. The platform includes features such as version control, autosave, auto-arrange, bot management, undo-redo, and cloning. Furthermore, the chatbots are multilingual, low-cost, and omnichannel. The Ahmedabad-based startup assists businesses with issues such as lead generation, appointment scheduling, and scaling customer support.
10. Ishitva Robotic Systems
Ishitva Robotic Systems was founded in 2018 and is headquartered in Ahmedabad. Jitesh Dadlani and Sandip Singh founded the company, which designs and builds waste sorting plants and solutions using Industry 4.0 technologies. It separates waste and recovers recyclables by utilizing AI, ML, and IoT.
NETRA (Machine Vision System), SUKA (AI-powered air sorting), YUTA (AI-powered robotic sorting), and IoT-enabled smart bins are among Ishitva’s solutions. So far, the startup has sorted 375 metric tonnes of mixed waste, recovered 215 metric tonnes of plastic, and deployed four air sorters and one robot. Ishitva is an NVIDIA Inception Program participant.