Google recently announced the list of 10 startups that have been shortlisted for the second calls of its Launchpad Accelerator program. All of these companies use ML and AI, and will be subject to multiple benefits from the program.
The program includes a one week mentorship programme boot camp in Bangalore, and classes in April and May for specific training. This will last about 3 months in total. Google will also provide support for UI design, coding on Android, online presence and marketing for these companies.
In addition, they will also receive credits to work on Google’s Cloud Platform. These will be worth anywhere between ₹13 lakhs and ₹69 lakhs, and can be used to avail of multiple services on Google Cloud.
OpenTalk are the creators of a mobile application that connects individuals all around the world. This is done to increase conversation among users, giving them a variety of topics, interests and languages. It is also presented as a service that will help improve the quality of the user’s English through natural conversation.
There are over 100 languages from 150 countries present in the app, along with 1500 colleges for studying online. There are over 100 million users on the app, with regular downloads and increasing footfall. It has gained popularity in India, with multiple languages from the country appearing on the app as well.
THB is a company that is focused on finding solutions at the conjunction of Technology,Healthcare and Big Data Analytics. They offer multiple products in the healthcare sector, such as ground truth solutions with NoSQL frameworks and a personalized patient care product that used machine learning for patient care and engagement for predictive healthcare.
The company also functions on real-world evidence backed statistics indicating population health. Data similar to this is also used in their “productivity product” known as DMR. DMR is an analytics platform with omni-channel digital personalised outreach and multiple improvements in productivity with a measurable RoI. Apart from this, the company also provides insights using algorithms for detecting diabetes and breast cancer.
Perceptivi is a startup that provides AI based solutions for risk management in the financial sector. They offer an AI-based product known as Sherlock, which is used to detect fraud in insurance scenarios. The algorithm reportedly has 90% accuracy, with over 1 million claims assessed until now.
It is billed as a “cognitive fraud detection platform”, allowing its clients to chase down bigger fish while it takes care of day-to-day activities. The platform also reduces costs by 70% in all commercially deployed instances, and is provided through a RESTful API that cuts down deployment time and offers close integration with existing systems.
DheeYantra provides multiple AI-based tools for translation and transliteration between multiple Indic languages. They provide a chatbot that can scale to cater to millions of customers in any language of the user’s choosing. They also have APIs for Natural Language Processing and Optical Character Recognition for Indic languages.
Most importantly, the also enable to bridge language barriers in the Indian subcontinent by providing transliteration services for Indic languages.
Kaleidofin aims to bring up the quality of life in India through financial aid. The company offers customized financial solutions that are a combination of savings, credit and insurance.
The company uses AI to create a personalized financial plan for their customers, with the users choosing the amount that they wish to save. After this, the company provides a tailored recommendation based on the behavioural patterns of their customers. The predictions are also based on a fund analysis tool known as Kaleidoyantra, which provides a detailed fundamental analysis of the fund in question.
FinancePeer uses AI and ML technologies to facilitate lending and sharing between parties. It bills itself as “India’s first AI-based lending platform”. It allows users to receive instant loan approval and disbursal, with no prepayment penalty and without a CIBIL score.
The system functions on Aadhaar-based KYC, with analysis of digital bank accounts and a credit score that integrated social and historical data along with bureau data. These are just few of the multiple parameters checked through the AI, with social habits and comprehensive profiling also being a part of its checks.
SmartCoin is a company that is using AI and ML to provide financial services to the underbanked section of society, namely the lower and middle class population. The are focused on providing micro-loans to this sector of individuals, with their mobile app being able to assess the risk profile of a buyer while they are applying. This also adds to their use of data science and machine learning to automate financial services.
The technology boasts of a 100% paperless operation with a mobile-first philosophy. They have built various engines for use with their product, such as Hawk for matching IDs, Vision for matching documents, and Oracle, to judge the intent of the applicant.
HRBot is a company that offers services to companies in order to facilitate hiring from Tier 2 and Tier 3 cities. They also provide onboarding services, along with a screening process for potential employees.
The company utilizes AI to target the candidates based on multiple criteria, along with for auto-scoring and remote assessments. They also provide analytics services for hiring. The platform has 120000 and 250 recruiters on it.
Sunscore is a startup looking to make the world a greener place by promoting alternative energy. The company provides a service that checks if a user’s roof is solar panel-ready. While not only using AI to do this, the company also provides a chatbot feature to learn about solar technologies.
They also offer a easy-to-use utility for their tool, with users being able to check their house’s Sunscore by providing the location of the house’s roof and simply marking it. Post this, a detailed report will be sent regarding the feasibility of solar installation at the given location.
This firm offers a low-cost scanning module to detect skin maladies. As these are largely visual in nature, and AI is used to identify the kind of infection and other signals from the module to come to a diagnosis of the condition.
Doctors have praised the device, stating that it was extremely user-friendly and provided a quick diagnosis.