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Artificial Intelligence (AI) is transforming businesses worldwide, and India is fast emerging as a hub of innovative AI startups. These homegrown companies are pioneering the application of AI across diverse sectors while also building a strong talent base in the country. In this blog, we will highlight the top 10 AI startups that are making waves in India and are great options to start or advance your career in AI.
Note: The data regarding funding was gathered from ai-startups.org while the ratings were obtained from Glassdoor.
Uniphore
Funding: $620.9M (+/-)
Glassdoor Rating: 3.9
Uniphore is an Indian startup that embeds AI in every facet of business operations, making complex tasks simpler. Their enterprise-class multimodal machine learning models and data platform unifies all elements of voice, video, text and data. Uniphore also leverages Generative AI, Knowledge AI, Emotion AI and workflow automation together as a trusted co-pilot for enterprises. This combination of advanced AI technologies acts as a catalyst to create the world's most engaging customer and employee experiences.
Yellow.ai
Funding: $102.2M (+/-)
Glassdoor Rating: 3.8
Yellow.ai is the no-code platform that combines Generative AI with Enterprise-level LLMs to accelerate chat and voice automation from days to minutes. Its proprietary DAP technology is built on a multi-LLM architecture and continuously trains on billions of conversations to deliver scale, speed, and accuracy.
Yellow.ai offers a Conversational Service Cloud to automate customer support, a Conversational Commerce Cloud to enable conversational commerce, and a Conversational EX Cloud to enrich employee experience.
Razorpay
Funding: $74.7M (+/-)
Glassdoor Rating: 3.8
Razorpay is an Indian startup that powers finance and business growth. Their all-powerful payment gateway enables businesses to accept payments from 100+ methods with industry-leading success rates and a superior checkout experience. Easy integration, instant settlements from day one, and in-depth reporting provide a seamless payment experience.
Beyond payments, Razorpay helps businesses never run out of working capital by automating payouts to vendors and employees. By supercharging business finance, Razorpay allows companies to focus on their core operations. As a leading fintech, Razorpay is helping Indian businesses scale by solving their payment and payout needs.
Qure.ai
Funding: $60.3M (+/-)
Glassdoor Rating: 4.0
Qure AI is an Indian startup that has gained recognition as one of the world's most adopted healthcare AI companies. They specialize in AI solutions for lung, heart, neuro, and musculoskeletal (MSK) conditions. Qure.ai offers a range of products to improve medical diagnoses and patient care.
These include:
- Chest X-ray reporting
- TB Care Cascades
- Lung Nodule Management
- Stroke & TBI
- MSK X-Ray Reporting
- Heart Failure
By driving efficiency and accuracy, Qure.ai is improving patient diagnosis while reducing the cost of care delivery.
Avaamo
Funding: $30.5M (+/-)
Glassdoor Rating: 4.4
Avaamo is an Indian startup that has developed a cloud-based Conversational AI platform powered by the latest innovations in neural networks, speech synthesis, and deep learning. Their technology enables enterprises to automate customer interactions across voice, text, and other channels with unprecedented speed and accuracy. With pre-built enterprise connectors, conversation analytics, and rapid deployment capabilities, Avaamo allows organizations to execute conversational AI projects in just weeks.
Mad Street Den
Funding: $30M (+/-)
Glassdoor Rating: 4.2
Mad Street Den® has developed an enterprise AI platform called “Vue.ai” that claims to be "The Only AI Stack You Will Ever Need." Their platform focuses on delivering business outcomes and emphasizes rapid implementation and productivity. Mad Street Den encourages businesses to ditch lengthy AI transformation plans and instead go live with their platform today. They offer a zero-lag enterprise AI platform that enables quick roll-offs, allowing businesses to demonstrate value within 30 days of accessing data.
Wysa
Funding: $29.5M (+/-)
Glassdoor Rating: 3.4
Wysa is an Indian (Global) startup that offers a revolutionary approach to mental health support. Their clinically validated AI technology provides immediate assistance as the first step of care, followed by human coaching for those who require additional help. This innovative approach has already made a significant impact, with over half a billion AI chat conversations conducted with more than five million people across 95 countries.
In response to growing concerns about employee mental health, Wysa undertook extensive research in the US, UK, and its own user base, revealing the need for early, anonymous, and unlimited care.
Haptik
Funding: $11.2M (+/-)
Glassdoor Rating: 3.5
Haptik is an Indian conversational AI startup that builds lasting customer relationships using generative AI. Their platform powers support through cross-channel customer conversations, enables personalized marketing engagement, and ignites sales for higher conversions. With a holistic customer experience suite optimized at every stage, Haptik drives exponential value rapidly. Its proprietary NLU leads the industry in human-like conversations with maximum accuracy to reduce bot failures. Advanced industry-specific NLP and ML ensure high precision. AI-driven analytics uncover real-time insights from conversation data through features like Smart Funnels.
Rephrase.ai
Funding: $10.6M (+/-)
Glassdoor Rating: 3.9
Rephrase.ai is a pioneering text-to-video generation powered by generative AI. Their platform Rephrase Studio eliminates the complexity of video production by enabling users to create professional-looking videos with a digital avatar in minutes. The 3-step process involves picking a digital avatar, adding the desired message, and rendering the video. Leveraging the power of AI, Rephrase converts text to photorealistic video seamlessly. As an innovative Indian startup, Rephrase.ai is transforming communication and creativity through its text-to-video platform that makes producing engaging video content easy and accessible to everyone.
Synapsica
Funding: $4.2M (+/-)
Glassdoor Rating: 4.6
Synapsica is leveraging AI to revolutionize spine reporting and radiology. Their FDA-cleared solutions provide end-to-end, visual, and quantitative spine reporting for MRIs, X-rays, and more. Synapsica's AI assistants automate repetitive tasks, standardize measurements, and generate evidence-based reports to boost radiologist productivity and reporting accuracy. This helps doctors make a more confident diagnosis. With up to 99% precision, Synapsica's algorithms deliver intelligent, platform-agnostic reporting with predictive analytics and automatic quantification for reliable tracking. As an innovative Indian health tech startup, Synapsica is enabling radiologists to report more cases efficiently while empowering physicians with detailed, illustrative analyses for improved patient care.
Conclusion
The rapid growth of AI in India has given rise to many promising startups that are at the forefront of bringing innovative AI solutions to enterprises globally. Companies like Uniphore, Yellow.ai, and Haptik are pioneers in conversational AI, while startups such as Qure.ai and Synapsica are driving change in healthcare through AI-powered radiology and diagnostics. Players like Razorpay and Mad Street Den are leading the way in applying AI to transform business operations and outcomes.
With their cutting-edge technology and rapid go-to-market capabilities, these startups offer exciting opportunities to work on impactful projects. Their encouraging work culture and emphasis on innovation also make them sought-after AI employers. As India continues its tech momentum, these startups are poised to disrupt industries worldwide while nurturing top tech talent within the country.
Abid Ali Awan (@1abidaliawan) is a certified data scientist professional who loves building machine learning models. Currently, he is focusing on content creation and writing technical blogs on machine learning and data science technologies. Abid holds a Master's degree in Technology Management and a bachelor's degree in Telecommunication Engineering. His vision is to build an AI product using a graph neural network for students struggling with mental illness.
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