SUMMARY
7 Of 14 Enterprise Startups From The Cohort Of Microsoft Accelerator Have Average ARR Of $1.5 Mn
14 enterprise tech startups have been graduated from the 10th cohort of Microsoft Accelerator. Microsoft Accelerator began the cohort in March 2017.
The startups were selected based on the recommendations of VC firms – including Inventus Capital Partners, Ideaspring Capital, Accel Partners, IDG Ventures, and pi Ventures.
As per an official statement, 7 of the 14 selected startups have an average annual revenue rate (ARR) of $1.5 Mn and average funding of $3.2 Mn. The Seed-stage startups chosen for their deep tech-driven offerings have an average ARR of $200K and an average funding of $1.5 Mn.
These startups were given a chance to work closely with Microsoft’s sales & marketing teams and partners including Wipro, TCS, and Temasek. Also, the startups adopted Microsoft Azure to make use of its advanced cloud services.
The graduating Microsoft Accelerator cohort was presented to an audience of over 400 representatives from leading corporates, investors, industry thought leaders, and Microsoft leadership.
During the event, Microsoft also showcased the winners of the ‘Hackathon for India Stack’, which was held on June 3-4 2017, in partnership with Accenture. The winners were chosen from a pool of over 200 registered teams. The hackathon invited participants to solve social problems using India Stack. The hackathon was judged by a panel including Bala Girisaballa, Avnish Sabharwal, Managing Director, Ventures & Open Innovation, Accenture and Sanjay Jain, Fellow, iSPIRT.
Microsoft Accelerator 10th Cohort: Meet The 14 Enterprise Tech Startups
Lavelle Networks
: The startup is building enterprise data networking platforms that enable high speed and safe consumption of cloud applications.
Acebot.ai
: An enterprise chatbot solution, it leverages conversational UI to enable collaboration, team productivity, and data collation within any enterprise.
Active.ai: The startup offers a full-stack, enterprise AI platform for banks and financial services companies. It enables their customers to experience “conversational banking” over messaging, voice, and IoT.
FirstHive: The startup provides the central marketing brain for a brand. It creates unique marketing identities from the clutter of customer interactions across all marketing channels, driving customer conversations, and marketing ROI.
Heckyl
: Heckyl is a big data-based analytical platform for investors, traders, and researchers of the financial industry. It provides a real-time news and data analytics to brokerage firms, short-term traders, investors and fund managers.
Karomi
: The startup manages the compliance and speedy approval of packaging artworks for Pharma and FMCG companies, so that they can get their products faster to the market.
LetsTransport
: The startup aims to create an elastic intra-city logistics network in India to optimise the last mile distribution.
QuestionPro
: The startup provides web-based survey software to analyse customer satisfaction. It also offers employee satisfaction survey using tools that allow creation, distribution, and analysis of surveys, along with a platform for polling, tablet-based mobile research, and data.
Sigtuple
: It offers intelligent screening solutions powered by advancements in AI, image processing, and cloud computing.
Syscloud
: It is a cloud security platform to detect and stop client’s financial, customer, sales, IP data from insider theft, breaches, and outside attacks.
Tricog
: Tricog is a health AI startup leveraging the advances in technology to help save a million lives lost due to heart attacks, with help of its cloud-connected ECG machine.
vPhrase
: vPhrase is a platform to make complex data reports more readable. It does so by summarising data and analysis in WORDS using artificial intelligence.
WittyParrot
: WittyParrot is an intelligent micro-content /knowledge automation, collaboration and communication platform for sales, marketing, support, and HR.
Zenatix
: A data-driven energy efficiency company, Zenatix delivers up to 30% reduction in electricity consumption. The solution is majorly useful for retail chains and banks, using IoT, and machine learning-based intelligent controls.
Microsoft Accelerator’s latest cohort belonged to the realm of enterprise tech startups. Prior to this in March 2016, Microsoft Accelerator announced the names of 12 startups that were selected for its eighth Accelerator batch of its Hi-Po & Scale-Up Programme. The cohort was selected from over 2,100 applications. In June 2016, Microsoft also entered into a global partnership with Singapore-based investment company Temasek to help support and scale startups across the world. Following that, it selected 13 startups for its ninth cohort.
