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Monday, September, 26, 2022

Press Release

CIE-IIITH’s Start up Demo Day sees 15 startups pitched to 35 angels, VCs & corporates
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–   Startups from Avishkar-DeepTech, Ojas-MedTech & Product Labs seeding accelerator

–   From varied technologies AI, NLP, AR/VR, CV, IOT, Dronetech technologies working in data analysis, predictive data and industrial manufacturing domains

–   CIE-IIITH has supported over 400+ startups over the past 13 years and run 20 cohorts of accelerators
HYDERABAD, India, Jan. 20, 2022 /PRNewswire/ — CIE-IIITH organized its biannual Demo Day earlier this week where 15 startups from various programs pitched to over 30 investors. All 15 startups have garnered interest from investors and conversations are on.

CIE-IIITH is a 13-year-old incubator, supported by DST, MEITY & DBT in its early days. CIE-IIITH has till date supported 400+ startups and seed funded 25 startups. It is now also focusing on infrastructure facilities, programmes and startup engagements in order to build a deeptech startup ecosystem.

CIE-IIITH’s Demo Day showcases startups from its Avishkar-DeepTech, Ojas-MedTech accelerator programs as well as Product Labs’ startup seeding. The startups at this demo day were spread across solution realms from IOT-AI for Industrial automation, CV based game data analysis, AR-VR based virtual meeting platforms, drone based surveillance, surveying etc.

The Accelerator programs offers upto 40L seed funding, and technology help through research labs of IIITH, along with strategy and GTM advisory leading upto initial customer traction. The startups are from varied technologies like AI/ML, CV, NLP, Dronetech, AR/VR, working in various domains of manufacturing, data analysis, surveillance, virtual meeting platforms, and asset tracking.

“Happy to see good results in recent years of 25 total accelerated startups in the past 5 year. Few startups have had series A+ funds raised at very high valuation (BlueSemi. DreamVu) and some even got acquired (Revos, Instoried),” said Prof. Ramesh Loganathan, COO, CIE-IIITH.

Investors included SucSeed Indovation Fund, Kalaari, Venture Catalyst, Mumbai Angels, IAN, HA, Blume Ventures, Endiya Partners. Corporates such as Microsoft, Biocon, TCS, GMR, ICICI also attended the Demo Day. Most startups garnered interest from investors for follow on conversations.

Annexure

SEED STAGE STARTUPS

Intech Harness Pvt LtdThey are developing a technology platform for farmers facing erratic power & water conditions on the farm and also handhold the farmer onto the platform of Data Driven Irrigation through modular offering of Deeptech.Age: 3 YearsDomain: AgritechCustomers: Mr.Sharad (End User), Mr. Ayyub (Dealer From FPO)Funds Raised: 30K USDWebsite: http://www.intechharness.com/

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Matchday aiMatchday ai is reimagining sports for the mobile generation. Sports has been the same for generations but consumer habits have changed drastically. At the core the solution is a super low cost and scalable AI algorithm that can automatically measure game performance and physical attributes using only video as an input. The estimated SAM is 1.1 B$ annually for badminton and 16 B$ for football as we aim to unlock a massive market currently untapped by tech companies.Age: 2 YearsDomain: AI/ SportsCustomers: Star SportsFunds Raised: 70k USD

Vyomik Innovations Pvt LtdVyomik Drones builds UAVs that provide multi-faceted solutions to diverse industrial sectors. Their drones are powered with the right hardware and software that serve as intelligent resources for industries in the Land Mapping, Infrastructure, Agriculture, Mining, Public Sectors, and Energy Utilities. They also provide drone based solutions for different sectors to improve efficiency and accuracy by using data acquisition skills and AI based image processing algorithms to analyze the data and provide meaningful reports for the management to take preventive measures and increase operational efficiency.Age: 1.5 YearsDomain: UAV/ DronetechCustomers: Myhome, Ncte, At Urban, Aparna Western Meadown, Dreaam Valler Group & Kancharla & Giridhari Homes, Geosilicon, Swachha Andhra Corporation.Funds Raised: 13K USDWebsite: https://www.vyomikdrones.com/

EARLY/ANGEL STAGE STARTUPS

HomeGroundHomeGround is a platform that brings professional cricket training and analytics to the grassroots. They use Computer Vision and AI to review cricket training videos and provide real-time feedback, recommendations and connect to experts. All the user has to do is capture live or upload a pre-recorded training video to get actionable insights and recommendations to improve.Age: 1 YearDomain: AI & SportstechCustomers: Sun Cricket Academy, Good Sports Cricket Academy, Ibowl And Leverage.Funds Raised: 30K USDWebsite: https://homegroundapp.com/

Seethos India Private LimitedSeethos is a technology firm specializing in artificial intelligence solutions. Currently we are developing projects/products for the Indian Army. Seethos R&D is working on other AI solutions that suits small banks and credit unions in USA.Age: 3 YearsDomain: AICustomers: Indian ArmyFunds Raised: Fully BootstrappedWebsite: https://seethos.com/

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MachstazMachstatz provides an Industrial AI platform for instant connectivity across machines, deliver insights and help achieve business outcomes across manufacturing.The platform provides machine learning diagnostics for machines and process analytics solutions. These solutions are being implemented in manufacturing industries which increases production efficiency and reduce downtime of industrial machines on real time basis.Age: 4 YearsDomain: AI/ IIoTCustomers: Jindal Steel & Power Limited, Borosil Renewables Ltd., Arvind Fashions, Wellspun, Duroflex, Volvo & EicherFunds Raised: 96K USDWebsite: https://machstatz.com

NextMeet – WorkingBot Technologies Pvt LtdNextMeet is an immersive Meet-Up platform that enables real-time virtual conferencing and networking in an avatar-based 3D environment. Launched under the ambit of WorkingBot Technologies, NextMeet is the first avatar-based virtual conferencing platform created in India. NextMeet provides corporations, institutions and event organizers the ability to convene in a dynamic ecosystem, bypassing the associated logistical costs as well as UI-induced fatigue.Age: 1 YearDomain: Metaverse, Vr, Remote Collaboration Customers: Michigan State University, Icfai University, Boston Consulting GroupFunds Raised: 130k USD Raised So Far.Website: https://nextmeet.live/

Nexmatics Private LtdNexmatics Ultra-Wideband (UWB) Trackers is designed for applications requiring accurate, precise and high update rate real-time location. Their trackers process contextual information to ease decision making and precise device management. They build solutions— not just techs —that improve the abilities of individuals, associations and the world at large. We are focused on keeping our clients in front of the opposition and assisting them with getting ready for change.Age: 1 Year 5 MonthsDomain: IoTCustomers: Shengel Dubai, Al Futtaim Engineering And Technology, Kavin Infrastructure And Services, Upv Solar, Ampatron Australia, Sbsr Kannam Private Limited, Stallwart Sourcing SolutionsGeo Info Media, Perfect Surveyors, Evergreen FarmsFunds Raised: Bootstrapped

STARTUP SHOWCASE

DreamVuDreamVu is a pioneer and the leader in omnidirectional 3D vision systems. DreamVu’s product is a single sensor-based, 360-degree camera with depth sensing.Age: 4 Years 3 MonthsDomain: 3d vision, Camera technology, Depth ImagingWebsite: https://dreamvu.com/ Founder: Rajat

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BlueSemi RnDBlueSemi was founded with the vision to leverage innovative, cutting-edge technology that promotes responsible disruption in Health tech AIoT through their proven expertise in product development. It is gearing up to launch its flagship consumer healthtech product that is a non-invasive and revolutionary device that analyses 6 key vitals like blood glucose, ECG, BP, HR, SPO2, and temperature in just 60 seconds.Age: 4 Years 5 MonthsDomain : Consumer Heathcare IoTWebsite: https://bluesemi.io/Funds Raised: $69 MillionFounder: Sunil Maddikatla

Sublt.AISubtl.ai creates document intelligence that can understand natural language questions our users have and route them to relevant extracts from documents, like an expert of these documents would. The technology has been validated in the finance domain and they are positioning the product for Banks, at least for the next 6-9 months. They had also almost made it to the YC winter batch and are hopeful to get in for the summer 2021 batch.Age: 2 YearsDomain: Banking/ BFSI Customers: SBI, BDL, GRSEFunds Raised: INR 60 LakhsFounder: Vishnu RameshWebsite: https://subtl.ai/

ApxorApxor is world’s first digital nudging platform for apps. Nudges are non-intrusive and appear only when the users need them. Leading apps like Dream11, Doubtnut, Shemaroo rely on Apxor to experiment on different features.Age: 6 YearsDomain: SaaSCustomers: Dream 11, Doubtnut, Shemaroo, GrabOn, Quick RideFunds Raised: $1.5 MillionFounder: Krishna KasturiWebsite: https://www.apxor.com/

Arka AerospaceThey are developing the world’s first commercial Re-Configurable Drone. Application areas include Drone Delivery, Warehouse movement, and other multi-payload applications.Age: 1 YearDomain: UAV/ Drone TechFunds Raised: BootstrappedFounder: Suraj BonagiriWebsite: https://arkaaerospace.com/

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Marut DronesMarut Drones is India’s leading drone technology provider. They have many firsts to their name including introducing Data Analytics, IoT, Artificial Intelligence and Machine Learning to the nascent drone industry in India.Age: 2.5 YearsDomain: UAV/ Drone TechCustomers: Government of TelanganaFunds Raised: $100KFounder: Prem KumarWebsite: https://www.marutdrones.com/

Onward HealthOnward Assist helps improve cancer treatment outcomes by solving the problem of accurate and timely cancer diagnosis. They enable cancer pathologists and radiologists with automated analytics tools for faster and better reporting.Age: 5 YearsDomain: AI, DiagnosticsFunds Raised: $400K

About IIIT Hyderabad: 

The International Institute of Information Technology, Hyderabad (IIITH) is an autonomous research university founded in 1998 that focuses on the core areas of Information Technology, such as Computer Science, Electronics and Communications, and their applications in other domains through inter-disciplinary research with great social impact. Some of its research domains include Visual Information Technologies, Human Language Technologies, Data Engineering, VLSI and Embedded Systems, Computer Architecture, Wireless Communications, Algorithms and Information Security, Robotics, Building Science, Earthquake Engineering, Computational Natural Sciences and Bioinformatics, IT in Agriculture and e-Governance.

Website: www.iiit.ac.in

Logo: https://mma.prnewswire.com/media/600789/IIIT_Hyderabad_Logo.jpg

Disclaimer: This Press Release has not been vetted or endorsed by The Eastern Herald's editorial staff.

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