Hyderabad-based startup engine T-Hub, in collaboration with American tech conglomerate United Technologies Corporation (UTC), has selected five video analytics startups for the first cohort of its Smart City/Smart Building NanoAccelerator programme. The finalists of the accelerator programme include IntelliVision, Duranc Inc, Emza Visual Sense, Uncanny Vision Solutions Pvt. Ltd. and Cognitifai.
Of the five shortlisted startups, two are from India, one is from Israel and the remaining two are from the US. According to the official statement, the combined revenue of the five companies currently stands at $4 Mn. Total funding raised by them ranges between $7 Mn and $8 Mn.
Together, teams of these five startups hold more than 20 granted and pending patents for advanced technologies in video analytics.
Commenting on the development, Jay Krishnan, CEO of T-Hub said, “T-Hub fosters fresh thinking and opens minds to new possibilities by encouraging the ecosystem to collaborate, propelling India and the world into the future. Furthering our partnership with United Technologies, we are announcing our first cohort of start-ups working in the video analytics solution domain. These truly global startups were researched, analysed and scouted for the Smart City/Smart Building NanoAccelerator programme. The solutions they offer are niche, and will play a key cog in the near future as the smart buildings and cities not only become reality but a scalable necessity.”
Headquartered in Farmington, Connecticut, United Technologies Corporation (UTC) is a multinational conglomerate providing high-technology systems and services to players in the aerospace and construction sectors. Through the Smart City/Smart Building NanoAccelerator programme, the company is looking to assist startups in creating smart, sustainable solutions for future cities.
Led by Gregory J. Hayes, United Technologies currently manufactures products in diverse verticals including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building systems, among others. It has a workforce of more than 201K people.