Introduction
The world of Artificial Intelligence (AI) is undergoing a period of explosive growth, with new applications emerging seemingly every day. At the forefront of this revolution is India, and more specifically, the tech hub of Bengaluru. Fueled by a potent mix of talent, investment, and a burgeoning startup ecosystem, Bengaluru is churning out Indian AI Unicorns companies poised to disrupt industries and change the way we live and work.
One of the key factors behind Bengaluru’s success is its deep pool of engineering talent. The city brings workforce from India’s premier engineering institutions, well-versed in the latest AI technologies.
The Data on Startups
Here’s the data on the top 10 Indian Startups sorted by their funding amount:
| Startup Name | Target Industries | Sector | HQ | Founding Year | Last Funding Stage | Funding Year | Last Funding Amount (USD) | Total Funding Amount (USD) | Major Investors |
| Observe AI | Horizontal | Code & Data | Bengaluru | 2,017 | Late Stage | 2,022 | 125,000,000 | 214,020,000 | Zoom, Bossanova Investimentos, Y Combinator, Menlo Ventures, Nexus Venture Partners |
| Pixis | Horizontal | Code & Data | Bengaluru | 2,020 | Late Stage | 2,022 | 100,000,000 | 124,000,000 | General Atlantic, Celesta Capital, Chiratae Ventures, SoftBank Vision Fund, Exfinity Venture Partners |
| Ola Krutrim | Horizontal | LLM Model | Bengaluru | 2,024 | Seed Stage | 2,024 | 50,000,000 | 50,000,000 | Matrix Partners |
| Sarvam AI | Horizontal | LLM Model | Bengaluru | 2,023 | Growth Stage | 2,023 | 41,000,000 | 41,000,000 | Peak XV Partners, Khosla Ventures, Lightspeed Venture Partners |
| Avaamo AI | Horizontal | Text & Chatbots | Los Altos | 2,014 | Growth Stage | 2,021 | 7,000,000 | 30,500,000 | Intel Capital, Streamlined Ventures, WI Harper Group |
| Senseforth | Horizontal | Text & Chatbots | Bengaluru | 2,017 | Growth Stage | 2,021 | 14,000,000 | 16,000,000 | Tenity, Fractal Analytics |
| InVideo | Horizontal | Audio & Video | California, US | 2,019 | Growth Stage | 2,020 | 15,000,000 | 18,200,000 | Peak XV Partners, Tiger Global, Hummingbird, RTP Global |
| Rephrase AI | Horizontal | Audio & Video | Bengaluru | 2,019 | Growth Stage | 2,023 | 12,200,000 | 12,200,000 | Techstars, Silver Lake, 8VC, Red Ventures, AV8 Ventures |
| MURFAI | Horizontal | Audio & Video | Bengaluru | 2,020 | Growth Stage | 2,022 | 10,000,000 | 11,500,000 | Matrix Partners, Elevation Capital |
| DhiWise | Horizontal | Code & Data | Surat | 2,021 | Growth Stage | 2,022 | 7,000,000 | 9,500,000 | Accel, India Quotient, Dholakia Ventures |
But what exactly are these AI companies working on? Let’s delve deeper into some of the leading players, categorized by their area of expertise:
Code & Data Specialists
Observe.AI and Pixis
These two Bengaluru giants are transforming the software development landscape. Observe.AI leverages AI to automate the tedious process of code review, freeing developers to focus on more strategic tasks.
Pixis, on the other hand, streamlines software development workflows with AI-powered tools, accelerating the development cycle. Their impressive funding rounds, with backers like Zoom and SoftBank Vision Fund, respectively, highlight the investor confidence in their ability to revolutionize the coding process.
DhiWise: This Surat-based startup is making waves in the code optimization space. Using AI, DhiWise helps developers identify and fix bugs and inefficiencies in their code, leading to cleaner, more robust software.
Read More: 7 Exciting Technology Products From CES 2024 – techovedas
The Next Generation of Language Processing
Ola Krutrim and Sarvam AI
Founded in 2024, Ola Krutrim has already secured a massive seed funding round, hinting at the immense potential investors see in their LLM applications.
Sarvam AI, established a year earlier, is already in the growth stage, having raised $41 million for their LLM development. Both companies are expected to play a significant role in shaping the future of Indian AI Unicorns-powered language processing.
Building Bridges Between Humans and Machines
Avaamo AI and Senseforth.ai
These companies are bridging the gap between humans and machines through intelligent conversation technologies.
Avaamo AI, based in California’s Silicon Valley, specializes in text-based AI and chatbots. Their growth trajectory, fueled by funding from Intel Capital, demonstrates their expertise in creating chatbots that can understand and respond to natural language.
Senseforth.ai, located in Bengaluru, focuses on similar areas, developing advanced chatbots and text-based solutions to enhance customer interactions.
Revolutionizing Audio & Video
InVideo, Rephrase AI, and MURFAI
InVideo, a US-based startup, empowers users with AI-powered video creation tools, making video editing more accessible and efficient for everyone.
Rephrase AI, another Bengaluru-based company, uses AI to breathe new life into existing videos. Their technology allows for video summarization, content repurposing, and other techniques to enhance audience engagement.
MURFAI, a Bengaluru growth-stage startup, tackles the editing process head-on, offering AI-powered video editing solutions that streamline the workflow for content creators.
Conclusion
The Indian AI Unicorns sector is brimming with talent and innovation. The companies mentioned above are just a handful of the many startups shaping the future of AI in India. With their diverse focus areas, from optimizing code to crafting intelligent conversations and revolutionizing creative tools, these companies are poised to make a significant impact on the global technological landscape.
