GenAI Platform Devnagri Nets Funding To Help Enterprises Bridge Language Barriers

SUMMARY

The funding round is led by Inflection Point Ventures, with participation from a host of other investors, including Software Technology Parks of India among others.

The platform plans to deploy the fresh proceeds to capitalise on its technology, marketing and sales stacks, besides boosting research and development.

Founded by Kundra and Himanshu Sharma in 2020, Devnagri AI leverages NLP and SL models to help businesses in personalising their content, making it hyper–local and accessible to non-english speaking audiences.

GenAI translation platform Devnagri has bagged an undisclosed amount as a part of its Pre-Series A funding exercise led by Inflection Point Ventures, with participation from a host of other investors, including Software Technology Parks of India among others.

The Delhi NCR-based company seeks to deploy the fresh proceeds to capitalise on its technology, marketing and sales stacks, besides boosting research and development.

“Taking a step forward, we are moving towards offering the enterprises and government departments with a private cloud infrastructure, to maintain their ownership on their content and by keeping the LLMs/SLMs trained with every usage by the customer,” said Devnagri’s cofounder Nakul Kundra.

Founded by Kundra and Himanshu Sharma in 2020, Devnagri AI leverages natural language processing and small language models to help businesses in personalising their content, making it hyper–local and accessible to non-english speaking audiences.

With this, the company plans to help businesses expand their operations to tier II and III cities.

The development comes at a time when India’s GenAI ecosystem is flourishing with the emergence of new platforms, fundings and government initiatives.

For instance, agritech startup CropIn recently partnered with Google Gemini to launch a GenAI-based agri intelligence platform to help customers manage farms globally by predicting yields, disease and other key insights.

California-based AI startup Glean Technologies is mulling to invest up to INR 417 Cr ($50 Mn) in India, over the next two years, to capitalise on its GenAI play across the ecosystem.

Talking on the policy side, Kerala government recently announced its plan to roll out a dedicated AI policy to promote the state as a global hub of GenAI.

Last month, Inc42 exclusively reported that GenAi-based product photography startup Ayna raised $1.5 Mn (about INR 12.5 Cr) in its seed funding round to expand its AI capabilities as well as talent acquisition.

As per Inc42’s report, native GenAI startups have raised more than $440 Mn since 2019 and 80+ Indian institutional investors have backed such startups.