Microsoft Accelerator has announced its 11th cohort. The Bengaluru-based programme by tech giant Microsoft has selected 14 startups for the current batch. The selected startups are solving problems for very diverse markets and sectors, like GST-readiness, natural language processing, machine learning, etc.
This year the Microsoft Accelerator has focussed on late-stage startups, with the average age being 3.5 years. To date, the participants have cumulatively raised close to $64 Mn in funding. An official statement confirms that they are clocking an Average Revenue Rate of $2.6 Mn.
During the four-month duration of the programme, the startups will work closely with the Accelerator team to further improve their enterprise readiness quotient. They will also focus on development and execution of GTM (Go To Market) strategies and leverage on Microsoft’s customer and partner network.
The startups will also adopt Microsoft Azure, to make use of its advanced cloud services in areas such as big data, IoT, advanced analytics and cognitive services.
This time around, the Microsoft Accelerator has also entered into strategic partnerships with various corporates, including TCS, Temasek and Wipro to help these startups with their GTM efforts globally.
The Selected Startups For The Microsoft Accelerator 11th Cohort
Clonect: Bengaluru-based Clonect is an IT products and solutions company building software products in the area of enterprise Governance, Risk and Compliance Management (GRC), including the area of GST. Clonect was founded by two former Infosys employees, Balaji Rao and Shailesh Agarwal. It helps organisations to leverage technology address GRC, GST as well as other finance IT solution needs.