Well, Artificial Intelligence is the buzz word now a days. So what does it mean actually
Artificial intelligence is a branch of computer science that aims to create intelligent machines. It has become an essential part of the technology industry.
Research associated with artificial intelligence is highly technical and specialized. The core problems of artificial intelligence include programming computers for certain traits such as:
Knowledge
Reasoning
Problem solving
Perception
Language Processing
Visual Processing
Learning
Planning
Ability to manipulate and move objects
Self-driving cars and delivery robots make a lot of headlines, but start-ups are now developing artificial intelligence technology for a incredibly wide range of applications–everything from increasing sales leads to modernizing health care services.
CB Insights, a research firm that tracks venture capital activity, compiled a list of the 100 most promising A.I. start-ups in 2019 based on their patent activity, market potential, tech novelty, and team strength, among other factors. It includes such companies as Mighty AI, which helps businesses build computer vision models; Signifyd, a provider of anti-fraud technology for e-commerce; and Insitro, which uses A.I. to further drug research and development.
Artificial intelligence could contribute an additional global economic activity worth around $13 trillion by 2030, by which point around 70 percent of companies will have adopted at least one form of AI, according to a report by a 2018 McKinsey Global Institute.
The UK tech sector is perfectly poised to ride the crest of this wave. In 2017, London raised more than double the amount of money to fund digital companies than any other city in Europe. Given that the UK is home to eight of the top 20 European universities and 40 percent of Europe’s tech unicorns already reside here, this is of little surprise.
Latest AI Based start-ups in India:-
GreyOrange
GreyOrange designs and develops warehouse automation and technology solutions. Has two products – Butler, a fleet of mobile robots for moving materials in the warehouse more efficiently and Sorter – a fully automated sortation system to sort and divert outbound packets. In November 2016, the company partnered with Godrej to tap FMCG, retail and other sectors. In 2017, GreyMatter was launched, a software platform for end-to-end intelligent order fulfilment.
Founded : 2011
Location : Gurgaon (India)
Total Funding : USD 180M
Investors : Mithril, Binny Bansal, Blume Ventures and 5 Other Investors
Gainsight
Previously known as Jbara, Gainsight, a customer success management solution helps subscription-based businesses to drive their customer success initiatives, proactively manage retention, reduce churn and grow revenue by uncovering up-sell opportunities. Leverages big data analytics across sales data, usage logs, support ticket, surveys and other sources of customer intelligence. Key Customers include Adobe, BazaarVoice, Marketo, Influtive and Gild.
Founded : 2009
Location : Redwood City (United States), Hyderabad (India)
Total Funding : USD 158M
Investors : Lightspeed Venture Partners, Battery Ventures, Bain Capital Ventures and 10 Other Investors
DailyHunt
DailyHunt is an India-based news aggregation application that curates news and updates in multiple regional languages and allows users to choose the source for the same. The platform allows users to browse photos and videos, select preferred language, discover news from national to regional, set text-size and background, among others and share news feed with friends and family on social media. It claims to uses machine learning, deep learning, and AI to offer a personalized view through a recommended stream of news, photos, and videos. The application is compatible with Windows, Android, and iOS devices. As of January 2019, the languages in which the content is offered include English, Hindi, Tamil, Malayalam, Kannada, Telugu, Marathi, Bangla, Gujarati, Urdu, Oriya, and Punjabi. The company earns revenues through native and display advertisements.
Founded : 2007
Location : Bangalore (India)
Total Funding : USD 125M
Investors : Omidyar Network, Sequoia Capital, Falcon Edge Capital and 8 Other Investors
Capillary Tech
Capillary Tech offers omnichannel engagement and commerce platform to businesses. Offers five products CRM and Loyalty, Martjack eCommerce Platform, Marketing Cloud, Customer Analytics, and Online-to-Offline Commerce. CRM and Loyalty offering allows businesses to churn out rules based loyalty program, map and analyze customer footfalls, and get a holistic view of the customer. Martjack eCommerce Platform allows businesses to manage products and content catalog, enable store based commerce, and manage orders across multiple channels. Marketing Cloud allows businesses to run and design marketing campaigns, segment customers, engage them on social media, and generate coupons. Customer Analytics offering allows businesses to segment customers, generate personalized coupons, run targeted campaigns, and predict customer behavior and affinities. Online to Offline commerce enables businesses to prevent lost sales, run omnichannel promotional campaigns, introduce self and assisted checkouts, integrate with marketplaces, and introduce wallets. Also allows users to conduct surveys and measure NPS. Its customers, include Walmart, Lifestyle, and Pizza Hut, among others. Recognized by Microsoft Accelerator as a top Enterprise ready startup.
Founded : 2008
Location : Bangalore (India)
Total Funding : USD 100M
Investors : Warburg Pincus, Sequoia Capital, InnoVen Capital and 6 Other Investors
Axtria
Axtria provides data analytics and software platforms to help clients in sales, marketing, customer, revenue, risk, and supply chain management. The company provides platforms for sales and marketing that helps its clients with services extending from planning, forecasting optimization to lead scoring, reporting and visualization. Risk solutions include regulatory compliance, operational risk, portfolio risk management and risk strategy development. The company also provides HR analytics, procurement, spend analytics and supply chain analytics. Industry verticals include consumer good, financial services, healthcare, technology, retail, travel and hospitality. The company has more than 30 clients including 5 fortune 50 companies. The company was on 32nd position in inc’s 500 fastest growing companies list.
Founded : 2009
Location : Gurgaon (India)
Total Funding : USD 54M
Investors : Helion Venture Partners, Desh Ventures, Fred Khosravi and 3 Other Investors
Gupshup
Gupshup provides an enterprise messaging platform. It claims to be used by over 30,000 businesses including companies such as Flipkart, OLA, Facebook, Twitter, ICICI, HDFC and ZeeTV. Pivoted to a messaging app in 2013 and pivoted again in 2014 to mobile-only enterprise app. Launched a bot platform in 2015 which provides tools for the developers to build, test, deploy, monitor and track bots across various platforms. Launched its bot builder platform in April 2016. Operating on a freemium model as of now, the platform charges $1 for every 1000 API calls. Launched two new bot builder tools in November 2016, to help non-developers create their own bots. Flow bot builder is a graphical editor based platform which offers drag-and-drop tools to design the conversational flow of the bot. Template bot builder is targeted towards small businesses offering customization capabilities on pre-defined bot templates.
Founded : 2006
Location : Mumbai (India)
Total Funding : USD 47M
Investors : Tenaya Capital, Globespan Capital Partners, Charles River Ventures and 4 Other Investors
Perfint Healthcare
Perfint Healthcare is a medical device technology company developing diagnostic equipment for oncology space. Its products are Robio EX (CT & PET-CT guided robotic positioning system), Robio EZ (robotic, mobile stand-alone system with 5 DOF for needle placement during CT Scan) and Maxio (image-guided, physician controlled stereotactic accessory device to a CT system). Their image-guided equipment uses medical image processing and robotics to help clinicians plan and execute CT-guided cancer biopsies, drug delivery and ablation of small tumors. Maxio is an FDA 510(k) approved device. It was the winner of DBT-BIRAC Innovation Award in 2012.
Founded : 2005
Location : Chennai (India)
Total Funding : USD 40M
Investors : Norwest Venture Partners, Accel Partners, Chiratae Ventures and 1 Other Investors
NetraDyne
NetraDyne is a machine learning and deep learning company that focuses on computer vision and its applications to automotive and unmanned aerial systems navigation and collision avoidance. It also works on automated analysis of visual data collected by drones for verticals ranging from agriculture to site inspections. Targeted at industries such as fleet management, automotive, security and surveillance. RIL decided to invest $16M through subsidiary RIIHL in compulsory convertible preferential shares of NetraDyne in June 2016, 50% of which has been paid by 30 May 2016 and remaining to be paid by 30 May 2017. On conversion of the investment or preferred shares, RIIHL will get 40% of equity of NetraDyne.
INDWealth is a wealth management platform based on machine learning, AI and data science technology. Features include goal-based financial planning & future projections; portfolio management; tax analytics & tax-saving strategies and personalized recommendations of investment products.
Founded : 2018
Location : Gurgaon (India)
Total Funding : USD 30M
Investors : Steadview Capital
Engineer.ai
Engineer.ai provides an artificial intelligence based platform – Builder for developing the code related to an application. The platform aggregates the code from multiple open source projects and uses them as building blocks for the code. These blocks are selected using an AI-based module, to develop the code base for the application. For the remaining part of the code which is not unique, it uses a pool of developers and designers to build the required application. Apart from Builder, engineer.ai also provides a platfrom – CloudOps for optimizing the amount spent on cloud resources. Customers include SAP, Nike, Apple and Vans.
Founded : 2012
Location : Gurgaon (India)
Total Funding : USD 30M
Investors : Lakestar, Jungle Ventures, DEEPCORE
Contributed By – Deepali Gupta (Team BrilliantRead)
