India has witnessed a tremendous surge in the number of start-ups that have come up in recent years. With the advancements in technology, the number of artificial intelligence start-ups in India has also increased. The use of AI and machine learning in different businesses like education, healthcare, e-commerce, logistics, pharmaceuticals, and many more is one of the major reasons why the number of AI start-ups in India is increasing at a great pace. According to a report, there were around 3000 start-ups in India in the year 2014, and this number has crossed the 11,000 marks in just a span of six years. Artificial intelligence companies in India began to emerge in 2016, and since then there was no looking back.
Here are the top 5 artificial intelligence start-ups in India that are disrupting and creating an impact in the market through digital transformation.
- Niki.ai
Founded in the year: 2015
Number of employees: 51-200
Headquarters: Bangalore
- This AI start-up has developed an artificial intelligence-based chatbot and shopping assistant.
- The AI-powered assistant enables users to shop different products online as per their needs.
- The biggest advantage of the shopping assistant is that people can communicate in their native language and get a reply from the AI-powered assistant. The use of machine learning (ML) and natural language processing (NLP) by the chatbot makes this possible.
- Automation of utility bill payments, phone recharges, and online purchases is also possible through the AI-powered chatbot.
- Manthan
Founded in the year: 2003Number of employees: 501 – 1000Headquarters: Bangalore, Karnataka
- Manthan is an artificial intelligence-based business analytics company offering a wide range of AI-powered analytics solutions to businesses.
- By offering sophisticated and advanced business analytics products, Manthan can transform the way businesses function.
- One of the most powerful and interesting solutions developed by Mathan is ‘Maya’, the world’s first AI-powered conversational interface for business analytics.
- Maya functions using NLP and can answer various questions related to a business such as sales figures, performance highlights, profit and loss last month, etc.
- Arya.ai
Founded in the year: 2013
Number of employees: 1-50
Headquarters: Mumbai
- This Mumbai-based AI start-up makes use of intricate deep learning algorithms to create powerful AI systems that have the potential to make decisions with minimum inputs from human beings.
- AI solutions developed by Arya.ai are being used across diverse industry verticals such as banking, insurance, healthcare, and lending.
- The VEGA platform developed by Arya.ai is an end-to-end platform for developing deep learning systems. VEGA has the power to handle everything – data pre-processing, neural network development, training, testing, and deployment.
- Arya.ai helps other AI start-ups to develop AI-powered applications within a relatively short time duration.
- Mad Street Den
Founded in the year: 2016
Number of employees: 51 – 200
Headquarters: Chennai
- This Chennai-based AI start-up makes use of artificial intelligence and computer vision to achieve digital transformation and create captivating and novel experiences for the end-users.
- This company aims to bring artificial intelligence into everyday life.
- Vue.ai is a core product of this company that caters to the needs of retail businesses by providing them with AI-powered experiences.
- Vue.ai is trusted by more than 100 retailers across the globe, especially retailers in the fashion industry.
- Vue.ai creates unparalleled shopping experiences for customers by displaying products that are most relevant to them.
- Flutura
Founded in the year: 2012
Number of employees: 51-200
Headquarters: Bangalore
- Flutura is an AI start-up that focuses on improving two core business functions – operational efficiency and asset uptime.
- Futura’s IoT-enabled AI platform offers actionable business insights.
- Cerebra Vision is the company’s flagship product that makes use of video streaming to detect any flaws or anomalies in various industrial processes.
- Cerebra Vision is capable of handling everything – safety, security, quality inspection, and production monitoring.
With the increase in the number of industries embracing AI and machine learning, the count of artificial intelligence companies in India is only going to rise in the coming years.
