Best Startups by IITs Making impact
IITs have played an essential role across the market to develop a technological world with some well-known tech moderating leaders from the country. Taking up a lead by the youth to pull up a startup path, IITs have ranked-up their mentorship capabilities across the nation to lend a hand in providing the youngsters to put forth their startup dreams. Providing data to a better India with the IIT technologies, this article defines some of the major startups brought by them.
Capillary Technologies was founded in 2008 by IIT Kharagpur alumni Aneesh Reddy, Krishna Mehra, Ajay Modani. The startup provides CRM solutions for enterprises to identify each and every consumer and directly communicate with them through mobile technology. Incubated in IIT Kharagpur, the company is presently headquartered in Singapore and provides better facilities to the whistles for high-end international retail giants across the globe. Heading to the betterment of the startup and its ideologies, in 2012, it was able to raise $15.5 million in a Series-A round from Sequoia Capital, Norwest Venture Partners (NVP) and Qualcomm Ventures, while in 2016, it raised $45 million in a Series-C round led by Warburg Pincus. In total, Capillary Technologies has raised $102.1 million in funding over eight rounds.
Uniphore was also founded in 2008 that was incubated in IIT Madras by Ravi Saraogi, Umesh Sachdev, Uniphore Software Solutions, providing and developing a voice and data technologies to turn the tables of mobile phone into an enterprise-service delivery for various sectors. For the past years, it had worked with 60 enterprises and has also catered to more than 4 million end-users. Few of its facilities and functions include speech analysis, voice assistant and voice assistant. It raised $8.8M in funding from Series B investment by Cisco Chief John Chambers & existing investors involving IDG Ventures, Indian Angels Network, YourNest; Series A by Senapathy ‘Kris’ Gopalakrishnan among others.
SensiBol was founded in 2011 by Dr Vishweshwar Rao in 2011 and incubated in IIT Bombay later the further year, building and licensing solutions, which utilises their proprietary audio-processing algorithms, for the music edutainment space. The startup is presently firmly associated with media, telecom, music and entertainment industries. The startup has raised funds from Indian Angel Network and has was shortlisted by NASSCOM as one of 40 startups pan-India for Innotrek 2018.
Hyperverge was incubated in IIT Madras and was started by Kedar Kulkarni, Vignesh Krishnakumar, Kishore Natarajan, Saivenkatesh Ashokkumar, and Praveen Kumar in 2013 with the smallest investment of 6 lakhs. The startup leverages Artificial Intelligence to improve and grow image engines with use of high-performance vision and machine learning technologies and also has four patents pending in the US and India. According to the reports, it has raised $1 million, summing all, in funding from some of the noted VCs like Milliways Ventures, Naya Ventures and NEA.
NanoSniff was founded in 2011 and established by Kapil Bardeja and Dr Nitin Kale. This following tech startup was incubated at the Society for Innovation and Entrepreneurship (SINE), a non-profit association that handles the technology business incubator at IIT Bombay. This is a commercial paced startup from the Center of Excellence in Nanoelectronics (CEN) at IIT Bombay and was also cooked up to improve and cultivate various technologies matured as a part of research work conducted at CEN. this startups raised a sum of $300k since its origin and development.