AI startups in India are making impressive strides, bringing forth cutting-edge solutions in a range of industries like healthcare, banking, retail, and more. These startups have the ability to significantly influence the Indian market and broaden their reach internationally. In this post, We’ll talk about the Top 20 Best Innovative AI startups in India in 2023.
Many AI startups use NLP, Computer Vision, ML, and DL to serve consumers and other businesses. These startups’ funding shows the field’s growing attention and investment. Due to their diverse offerings, from healthcare to AI and ML solutions for numerous industries, these firms are in high demand. Being in demand, many organizations look out for skilled people, One can master the skill by enrolling in some ML or AI Course offered by reputed institutes. Users like them because of their specialized AI competence, not their size.
The number of startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) has increased dramatically from 471 in 2016 to 72,993 in 2022 (as of June 30, 2022), a growth of more than 15,400%, according to the Ministry of Commerce. Additionally, more than 4,500 of the recognised startups are in emerging technological fields including IoT, robotics, AI, and analytics.
Here is the list of the Top 20 Best Innovative AI startups in India
AgNext, an AgTech startup with rapid growth, was established in 2016. By making food value chains safer, more transparent, and more equitable, the company hopes to increase the quality and trust in them. The startup, which focuses on digitalizing food quality testing, offers agribusinesses an integrated, AI-driven SaaS platform for instantaneous, automated assessments of food quality.
|Founder||Taranjeet Singh Bharma|
In 2017, a-IDEA National Agriculture Research provided its first seed financing to AgNext, which was developed at IIT Kharagpur. The following years saw more funding from the venture funds Omnivore and Kalaari. AgNext just secured from AWI and Falcon Edge Capital the largest series A funding in agricultural technology to date.
Data Science Wizards (DSW)
DSW is an artificial intelligence and data science startup that offers platforms, tools, and consulting services to help businesses use data as a strategy and make decisions based on that data.
Read also – Top 10 Best FoodTech Startups in India in 2023
|Founders||Dr. Ramesh Khare, Pritesh Tiwari, Shivam Thakkar & Sandeep Khuperkar|
The startup wants to democratise AI and data science capability so that customers may uncover new insights and make informed decisions. With data-driven, open-source technology solutions and training, they are trying to develop the AI ecosystem for the benefit of businesses, customers, communities, and stakeholders. Their flagship product, UnifyAI, is made to take a comprehensive approach to data engineering and artificial intelligence (AI), assisting businesses in accelerating growth and enhancing operational effectiveness.
Enthu.AI aids contact centres in training their agents to provide better results. Every client conversation is recorded, analysed, and provided with actionable intelligence by the platform, enabling faster and more effective agent performance. Faster call quality assurance, greater coaching and feedback, and increased agent performance are all products of Enthu.
|Founders||Gaurav Mittal & Tushar Jain|
Read also – Top 10 Best HealthTech Startups in India in 2023
The capacity to monitor 100% of calls faster than ever before is one of their key benefits since Enthu’s artificial conversation intelligence flags the calls that need to be attended to right away. It also makes it possible to get information from each client interaction without having to listen for hours on end.
According to NextBillion.ai, centralised mapping technology is out of date and ineffective. They build custom mapping APIs for businesses in a novel and creative approach since they are aware that every customer, use case, and area is different. For hyperlocal firms, they are taking the approach of building a decentralised, modular, and unique map stack that can be tailored to meet their individual requirements.
|Founders||Ajay Bulusu, Gaurav Bubna & Shaolin Zheng|
|Headquarters||Singapore, Bengaluru, Hyderabad and Beijing|
Businesses may integrate AI into their operations including maps and tackle numerous issues thanks to the company’s location-based services and APIs. For many different businesses, including delivery, transportation, food delivery, and ride-sharing, they specialise in developing cutting-edge mapping solutions. Their service is adaptable and may be precisely tailored to fit the unique requirements of an organisation.
In order to increase speed, security, and automate reporting activities, Synapsica is creating a PACS and radiology workflow solution that makes use of AI. As a result, radiologists will be able to write high-quality reports more quickly.
Read also – Top 10 Best HR Tech Startups in India in 2023
The company’s AI algorithms are capable of accurately locating crucial vertebral points, detecting disorders like listhesis, and identifying variants. Additionally, they can compute vertebral and disc height, standardise the measurement of different spine components, and designate morphological landmarks, all while generating preliminary results with a single click.
|Founders||Kuldeep Singh Chauhan|
The company’s goal is to provide radiologists with rapid, user-friendly AI technology that will enable them to produce high-quality, evidence-based reports, greatly improving patient care.
Using artificial intelligence and the Internet of Things, Bert Labs is a start-up that specialises in bridging the gap between customers, companies, and governments.
The business wants to offer a framework for cost-effective solutions that enhances the experience of customers’ customers.
A deep tech firm called Myelin Foundry focuses on creating AI algorithms that can handle complicated unstructured data in real time, even on devices with limited resources, such low-cost, low-compute edge devices.
To enhance human experiences and outcomes across a range of industries, they are concentrating on developing high-compute AI algorithms that can adapt, scale, and customise on-the-fly.
The business focuses in developing highly-computable AI algorithms that can function in resource-constrained settings, enabling expert decision-making intelligence in real-time, round-the-clock, at scale, and lowering the risk of human mistake. All of this is accomplished at a very small expense.
Spyne is a deep tech startup that uses AI technology to assist companies and marketplaces in a variety of industries in producing and updating high-quality product photos and videos at scale.
Using cutting-edge AI technology, they are transforming the way businesses generate their catalogues without the need for a physical studio, photography expertise, or involved procedures. Businesses can produce beautiful catalogues with Spyne that result in 40% higher conversion rates.
|Founders||Sanjay Kumar & Dipti Prasad|
For enterprises and marketplaces, the startup is creating computer vision and AI technology to streamline image-processing procedures. With the use of this technology, any company can swiftly and for a small fraction of the cost shoot, edit, and publish product pictures on a large scale. This will make it easier for companies and marketplaces to produce in bulk professional product photographs and films that can be used in catalogues and other marketing collateral.
An IoT and AI-powered business with a focus on supply chain and logistics is KoiReader Technologies. To develop cutting-edge solutions, the founders wanted to combine their knowledge of logistics, transportation, and supply chain management with data science, edge computing, and artificial intelligence.
KoiReader, a cloud-based video/data capture solution with AI capabilities that enables users to digitise documents by scanning, analysing, and processing them, is one of their main products. The system offers APIs to automate freight documentation operations and uses OCR technology to retrieve crucial information.
Artivatic is a 3-year-old startup, whose aim is to empower insurance and healthcare businesses and developers to re-imagine insurance and health products for the next billion users. It began with the vision of becoming a leader in the insurance ecosystem.
|Founders||Puneet Tandon & Layak Singh|
Artivatic is a digital risk and decision-making full-stack insurtech platform that automates various aspects of the insurance process, including sales, onboarding, quoting, underwriting, claims, servicing, product design, risk intelligence, pricing, and fraud detection for carriers, brokers, distributors, reinsurance, TPAs, healthcare providers, and other related parties. Artivatic aims to provide efficiency, transparency, risk assessment, personalization, and digitization across the entire lifecycle of insurance operations. The platform uses deep machine learning and proprietary algorithms for analytics, intelligence, and decision-making.
CoRover is a human-centered conversational AI platform that delivers the highest return on investment in the world. It is secure, scalable, and dependable, and it is outfitted with patent-pending AI, ML, NLP, AR, and VR technology.
Over 1 billion people rely on it to power multi-format (AI VideoBots, AI VoiceBots, AI ChatBots), multi-lingual (100+ languages), and multi-channel/omnichannel AI Virtual Assistants. The startup also provides a chatbot-as-a-service to help businesses increase revenue, reduce costs, improve customer experience, and operate more efficiently.
For banks, insurers, and other financial services organizations, Arya.ai offers a “AI cloud” where they can access the appropriate AI APIs, knowledgeable AI solutions, and thorough AI governance tools necessary to build dependable and self-learning AI engines.
|Founders||Vinay Kumar & Deekshith|
The company’s revenue and customer base have grown significantly during the last nine years. Arya.ai created and released its meta-framework on TensorFlow in 2015 with a team of highly qualified experts. This has aided the company in solidifying its position as a leader in the fields of AI and machine learning.
Crux Intelligence enables decision-makers within a company to easily and rapidly access all of their data, immediately acquire intelligent insights linked to their key performance indicators (KPIs), and make informed decisions.
The voice-enabled, AI-powered platform from Crux Intelligence enables customers to simply interact with their data by asking queries in everyday language.
|Founders||Srikanth Velamakanni, Neha Prabhu Gaonkar & Kathy Leake|
Even before more questions are posed, the platform proactively surfaces pertinent data at the user level, learning what is essential to them. It does away with the requirement for universal dashboards.
In order to glean insights from unstructured data in complicated video sources, the video analysis platform Streamingo.ai employs computer vision, natural language processing (NLP), and voice signal analysis. The platform is multi-modal and can examine many types of video data to produce useful insights.
|Founders||Vinay T.S & Vidhya T.V|
The goal of the startup is to make it possible for video to be a useful source of data for business research.
Beatoven.ai is a firm that helps content creators with the issue of music licence and purchase. Copyright claims for the music used in content creators’ videos on websites like YouTube, Twitch, and Instagram are a common problem.
The company’s ultimate objective is to integrate different musical traditions from around the world into a single platform and give content producers the tools they need to quickly find and use royalty-free music for their work.
|Founders||Mansoor Rahmat Khan & Siddharth Bhardwaj|
It is a streamlined music-making tool that enables you to make music for your podcasts and videos.
With the help of the Locus platform, companies can boost revenue from last-mile connectivity by scaling up the optimization of vital logistics tasks like order distribution and route planning.
|Founders||Nishith Rastogi & Geet Garg|
As a result, decision-making becomes more accurate and swift, workers are given more freedom to make deliveries, empty miles traveled are decreased, efficient fuel utilization is ensured, and service level agreements are improved.
e-khool LMS Software
A learning management system called e-khool LMS was created for online engineering schools and education. The company was founded to provide an all-in-one, cutting-edge AI-integrated learning management system for educational institutions, businesses, and training academies that has capabilities for both content generation and content distribution.
|Founders||Binu Dennis, & BR Rajkumar|
|Headquarters||Kanyakumari, Tamil Nadu|
It serves a sizable and varied clientele that includes academic staff, administrators, and students.
A video and AI-enabled technology called Goodmeetings (goodmeetings.ai) enables salespeople to perform up to ten times better during video calls.
|Founders||Abhijeet Sahoo & Srinivasan Narayan|
The company’s proprietary solution helps sales teams with a wide variety of sales pitches. Real-time customer behaviour measurement is made possible by GoodMeetings, which also automates post-sales tasks including CRM updates, call notes, and call summaries.
Betterhalf is a platform with only one goal: to provide a safe environment for people who want to start a family and are ready to take care of choosing a compatible life partner of their own choice, at their own pace, and without parental intervention.
The betterhalf is a safe dating site that uses artificial intelligence to match people based on their compatibility. It is designed for those wishing to find a compatible life mate of their own choosing, at their own speed, and without parental intervention. Based on their personalities and preferences, the platform is intended to assist users in finding a compatible match.
The revenue of GeoIQ, a business that specialised in giving comprehensive information on certain locations, has significantly increased in recent years.
|Founders||Devashish Fuloria, Ankit Thakur & Tusheet Srivastava|
Numerous companies, including significant organisations, have benefited from their assistance in gaining insightful information about their clients and their behaviour. This enables these companies to make better selections.
Numerous potential AI startups with a global reach in sectors including healthcare, finance, and transportation are based in India. These businesses are using the most recent developments in AI technology to address pressing issues and spur innovation. These startups are anticipated to expand and have a big impact on the Indian and international markets.
This post is generated on the behalf of ANALYTICS INDIA MAGAZINE. We hope this is useful to you. The order of this list is random.
Frequently asked questions (FAQs)
Who are the Top 20 Best Innovative AI startups in India in 2023?
AgNext, Data Science Wizards (DSW), Enthu.AI, NextBillion.ai, Synapsica Healthcare, Bert Labs, Myelin Foundry, Spyne, KoiReader Technologies, Artivatic.ai, CoRover, Arya.ai, Crux Intelligence, Streamingo.ai, Beatoven.ai, Locus, e-khool LMS Software, Goodmeetings, Betterhalf.ai, and GeoIQ are the Top 20 Best Innovative AI startups in India in 2023.