A definitive guide to starting up, scaling up and successfully positioning your solution in a global market
03/13/2018

A definitive guide to starting up, scaling up and successfully positioning your solution in a global market

The risks and the rewards notwithstanding, that there’s a world of difference in how a B2B and a B2C startup function is an understatement. From the pain points that they’re solving, to the product philosophy, or the customer mindset, the generic rules that apply to a one segment will not work in the case of the other.

For B2B startups, these 5 golden rules are good to remember.

Get someone who knows what exactly to sell: Have a strong sales person on the team with a good understanding of B2B sales, as he or she will need to appeal to a different customer mindset.

Don’t stretch yourself too thin: Be focused on one problem and you can best solve that one problem, instead of trying to solve multiple problems

Make sure to plan your cashflow efficiently: The B2B sales cycles can be fairly long. So do factor in enough runway time.

Learn to recognise a true customer: With time and experience, become adept at understanding who is a serious customer early on, and focus on them. This will help you in the long run, as the next point illustrates.

Find referenceable customers: These are the customers who you can use as references and whose feedback will add to your brand value. So ensure that you are keeping them happy.

The accelerator phase

So with all other things in place, you’re now thinking of the next step, scaling up. You may believe that getting into a well-known accelerator programme is THE ticket to the big league. Think again. Of course, making it to the programme from several hundreds of applicants with compelling and innovative solutions is surely commendable. But that’s no excuse to sit back and relax. In fact, if anything, this is the stage where you need to be clearer, more focussed and work harder towards refining your product / solution to make it market-worthy for a global audience.

Here are some important dos and don’ts to keep in mind for startups in an accelerator phase.

Staring working backwards: Early on in the programme, define your goal for the graduation day and the roadmap you have in mind. In a few weeks or months, based on interactions with mentors and their feedback, you may need to revisit this and make adjustments. But always start out with a clear picture in mind of where you want to be.

Use all the advantages you get: Make maximum use of all the resources that are available during the programme: From mentors, to industry connects, to prospective customer connects, don’t hesitate to leverage any advantage you get during the programme which can take you closer to your goal.

When in doubt, always ask: Don’t be afraid to ask — for guidance, for clarity and anything else you believe will help you in your journey. Remember, the few weeks inside the programme can make a world of difference to how your solution is received in the competitive world outside.

Keep it simple and short: When making a pitch to investors, don’t try to squeeze in your whole story into a few minutes. With this, you risk diluting the key message and your unique selling proposition. Focus only on what’s relevant to the audience in front of you. Another no-no is over-shooting the time as people switch off mentally once the allotted time is over.

Taking the entrepreneurial plunge

For those who are still unsure of chasing their entrepreneurial dream, do remember that as challenging as it may be, starting up can be equally rewarding, if you keep in mind these basic pointers.

Do it right: Know why you are starting up, and do it for the right reasons – because you truly believe that you can make a difference with your offering. Not because it is the latest fad and everyone else is doing it.

Get a grounded perspective: In the same vein, do understand that passion is great. But successful businesses don’t run only on passion, make sure to get some real and practical insights before you commit yourself.

Talk to other founders: To get a real sense of what entrepreneurship entails and how it can change your life, do talk to other founders– both successful and failed. After all, being in the trenches is very different from reading up books about it.

Keep your eye on the goal: Last, execution is everything, so focus, focus and focus!

Blog Source: Your Story

How corporate giants help startups land big customers
03/06/2018

How corporate giants help startups land big customers

Companies benefit from innovation, quick execution that startups are known for, while founders get mentors, access to client networks

It’s a little over two years since Neerav Parekh set up his artificial intelligence and analytics startup vPhrase — and he’s already been part of three accelerator programmes in Bengaluru and Mumbai. He’s now set to leave for Hong Kong to join a ‘supercharger’ programme. Hopping from one accelerator to another may seem unusual but for Parekh, who was part of Target Accelerator in Bengaluru, Nomura’s Mumbai-based fintech accelerator and Microsoft Accelerator, it makes sense. Associating with these corporate accelerators helped him sign 12 customers, including HDFC, Kotak and Motilal Oswal,for his products that convert complex data into easyto-understand, written narratives. Over the last few years, large multinationals have started accelerator programmes to benefit from the innovation and quick execution that startups are known for. As the term suggests, accelerators give early-stage startups a burst of fuel through a combination of mentoring and real-world experience, which ups the profile of the startup and helps raise follow-on rounds. Startups enter accelerators for a fixed period of time as part of a cohort of companies. The larger company provides benefits like mentoring, free cloud access and entry to their network of customers. Unlike other accelerators, corporate accelerators look at product and technology synergies between their parent and the startup. Having worked with large customers, the companies are able to provide valuable insights on how to improve a startup’s product.

Ajeya Motaganahalli, director at NetApp Excelerator, says setting up an accelerator is a way to foster innovation. “We only look at startups in the data space where we can help. We got 250 applications for our first cohort last year. For the second, we got 450,” he says. NetApp provides grants up to $15,000 to each startup.

Over 20 multinationals, including Swiss Re, Pitney Bowes, Cisco and SAP, have accelerators in India, according to Nasscom’s 2017 startup report. This has led to the emergence of startups in the business-to-business (B2B) sector — 47% of startups established in 2017 serviced other businesses. Research firm Venture Intelligence estimates that there are 25 active corporate accelerators.

Before he discovered accelerators, Parekh had tried to sign customers for a year, but progress was slow. “Companies take a lot of time to respond, especially when you are unknown. Being in an accelerator run by Target or Microsoft gives you the upper hand,” says Parekh. “We got an opportunity to interact with more companies, which helped us bag deals faster.”

Microsoft’s accelerator programme in Bengaluru has graduated 11 cohorts and focuses on enterprise startups. It gives startups access to Microsoft’s tech stack and use of its advanced cloud services in areas such as big data, IoT and cognitive services. Some like Intel and Cisco provide funding, while others facilitate discussions with venture capital funds.

Former PayPal engineers Srikanth Parthasarathy and Ravi Madhira started Scalend Technologies, a data insights company, in 2015, but had trouble connecting with customers. Last year, they joined NetApp’s fourmonth accelerator programme. It led to Scalend partnering with the $5.5 billion data management company to sell a product.

For NetApp, partnerships make it easier to attract customers. “We now sell two products instead of one. It is easier to bid for customers since Scalend’s product is quite innovative,” says Motaganahalli.

Rehash Technologies, a chatbot application company that just graduated from Oracle’s six-month startup accelerator in Bengaluru, got free cloud services to build applications, access to Oracle’s database architecture and mentoring sessions. “They asked what support we needed and provided it,” says Shruti Sinha, co-founder of Rehash. “We met Oracle’s founders who spoke about their time as a small company. It inspires you.”

Pari Natarajan, CEO of management consulting firm Zinnov, says Indian corporate accelerators are formed by the company’s engineering team. This gives startups direct access to technology help. “In other markets like the US, accelerators are started by the company’s venture arm or sales team. In India, startups lack knowledge of deep technology. By working with the engineering teams, they are able to get technical mentorship which improves product performance,” he says. Startups are aware that corporates benefit from them too. Says Parekh of vPhrase, “The main intention is to see if the startup can work with the company in the end.”

Blog Source: The Times of India

Six startups for second batch of NetApp Excellerator
03/02/2018

Six startups for second batch of NetApp Excellerator

RIDING high on the success of its first cohort, NetApp has announced the second batch of startups chosen for its flagship accelerator programme, the NetApp Excellerator. Six startups from across India have been selected from the 450 companies that applied for the accelerator program. Given the data legacy of the company, the NetApp Excellerator program aims at mentoring growth stage startups

The second cohort includes the startups – ArchSaber, SigTuple Technologies, Nanobi Data & Analytics, Data Ken Technologies, BlobCityInc and Anlyz.

The startups were chosen from the 450 companies that registered, up from around 250 that registered for the first cohort, attesting to the value that this program offers. Of these, 11 were shortlisted to participate in a rigorous boot camp that concluded with the six being selected for the second cohort. The selections were based on several factors like product capability and technical depth, fitment i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learnability, coachability and credibility of the founding team.

Ajeya Motaganahalli, director, Engineering Programs and Leader of NetApp Excellerator said, “I would like to congratulate and welcome all the start-ups selected for the second cohort. All six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale. I am impressed with their zeal and vision to transform, thrive in the data space and we are happy to be a part of their incredible journey.”

“We launched the accelerator program last year and it is overwhelming to receive almost double the number of applications for our second cohort. Looking forward to the experience of mentoring this batch. The set of startups we have here seem to further along their journey in the maturity curve as compared to the earlier cohort,” he added.

Sharing the vision behind the program, Deepak Visweswarariah, NetApp India Managing Director and Senior Vice President said, “We want the best of the data-driven startups to take advantage of our data legacy. We have a great partnership with Scalend Technologies, a startup from our last cohort, that we are taking to market. We are keen to share knowledge, form partnerships, and create a data ecosystem. The fantastic response from the startups is a substantiation of our commitment and the quality of mentorship being offered as part of the program. As an encouraging trend, we are also seeing more startups founded and led by women entrepreneurs – we have two such examples in our Cohort 2.”

The selected start-ups will now receive access to collaboration and productivity tools, co-working space out of the NetApp’s global center of excellence in Bangalore as well as networking opportunities with potential investors, partners, and customers. These companies will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support. NetApp will provide an equity free grant of USD 15,000 to these startups upon completion of the program.

Located in the heart of Bengaluru’s technology neighborhood at its 15-acre campus, the four-month-long Excellerator program is NetApp’s first-ever startup accelerator, designed to help enterprise startups to achieve their full potential through mentorship with one of NetApp’s largest R&D teams.

Blog Source: Tech Trail

11 startups and their exciting data-driven solutions made it to the bootcamp round for NetApp Excellerator’s 2nd edition
02/28/2018

11 startups and their exciting data-driven solutions made it to the bootcamp round for NetApp Excellerator’s 2nd edition

‘A brain to pick, a ear to listen, and a push in the right direction.’ These are the essentials in a startup’s survival kit. Add to this, access to the latest technology, influencers, investors, potential customers, and a global launchpad for their solution, and you have a sure-fire formula for success.’

Since June 2017, the NetApp Excellerator programme has been helping selected startups realise their full potential, and extending the reach of their innovative ideas by providing knowledge on various aspects of setting up and scaling up a business. The startups have also been given access to NetApp technologies, partners, mentors, potential customers, and venture capitalists.  After the success of its first cohort, which graduated in December 2017, the global data storage and management giant has now launched the 2nd edition of the programme.

Learning from the first cohort

According to Ajeya Motaganahalli, Head of the NetApp Excellerator, “Cohort 1 was a great learning experience, successful beyond our expectations. We were able to pivot some companies to create the right product market fit, and to even create a partnership with one of the companies. It also helped us fine-tune some aspects of the programme and to improve it.”

This time, they received over 450 applications, more than twice the number that they received for the first cohort. “The companies that have applied to Cohort 2 are slightly more mature than those in the first cohort.  They are from varied sectors in the data-driven space, including analytics, spectral photography, computer vision, Machine Learning (ML), Internet of Things (IoT), and Artificial Intelligence (AI). These are all markets we are interested in, and we believe we can help these companies get to the next level.”

The bootcamp round

Of the 450 applicants, 11 were shortlisted and participated in a two-day bootcamp held recently at the NetApp campus in Bengaluru. After another stringent selection round, six startups will go on to form the programme’s second cohort, which will be announced shortly. These six will get technology and business mentorship in the form of access to NetApp’s platforms, technologies and tools, a co-working space at the company’s Bengaluru premises, networking opportunities with potential investors, access to NetApp’s partners and customers, and support across human resources (HR), marketing, legal, and tech functions.

Of the 11 startups, seven were from Bengaluru, four from the National Capital Region (New Delhi, Gurgaon, and Noida) and one US-registered company with operations in Mumbai. They are:

Veda Labs: This New Delhi-based startup works in the area of Image Analytics. Its solution includes an AI platform that helps warehouses and retail chains track specific activities through CCTV camera using AI, providing an advanced level of business intelligence.

“Our solution allows retailers, surveillance companies, and government agencies to extract real-time insights from CCTV cameras,” says Co-founder Virendra Mishra.

If they get selected to be a part of the second cohort, their primary expectation from the programme includes technical mentorship and business partnerships. “With our surveillance, tech and NetApp’s access to smart cities, we could create a joint solution and co-grow with them. Learning from them and riding a wave with them would help a company like ours,” says Virendra.

ArchSaber: ArchSaber automates the diagnosis and prediction of issues in a large and complex IT stack, through real-time monitoring and alerts, and offers advanced data science techniques to detect and fix these issues.

Ashish Gaurav, Co-founder, explains their solution, “We provide real-time diagnosis of outages in IT infrastructure. When these outages occur, there is immense pressure to resolve the issue as quickly as possible. While manual intervention requires going through huge amounts of data, with our solution, we can help companies quickly grasp the exact point of failure and fix the issue.”

What are his thoughts about getting selected for the final round? “NetApp is an extremely successful enterprise with a deep knowledge of how a product goes from an idea to serving millions of people. They also have a strong tech culture that can be helpful in refining our idea and giving it a shape that everyone can use.”

Dataken Technologies Pvt Ltd: Dataken is focussed on providing Deep Learning-driven business process automation, predictive network management, customer insights, and micro-segmentation for small and medium businesses and service providers. They are augmenting AI/ML-driven intelligence into network monitoring. Their solutions help companies move from the older reactive method of handling things to a more predictive way of looking at operations.

“If selected, we hope to unlearn some things we picked up as part of our startup journey, learn new things, and grow to the next level,” says CEO Suresh Gokarakonda.

SigTuple Technologies Pvt Ltd: They offer intelligent screening solutions for pathology labs through digitisaton of pathological slide images and cloud-based image processing used for diagnosis.

According to CEO Rohit Kumar Pandey, “Our solutions can help doctors and medical lab technicians with visual recognition and analysis, and aid them to make more accurate decisions faster. This will help doctors spend time in places where they can add more value.”

If selected for the programme, Rohit believes it will make a significant difference to their go-to-market strategy. “Technology will only bring you to a certain point. After that, when actually going into the market, there is so much you need to polish – how to target the right customers, get the right features, how to look at the market as a whole. All this only comes through experience which, as a startup, you don’t have. That is where we hope to get technical and strategic help from NetApp, which is a leader in the storage and cloud-based space,” he adds.

Nanobi Data & Analytics Pvt Ltd: Nanobi Analytics is an interactive and visual full-stack end-to-end analytics platform, essentially for the BFSI, retail, and healthcare sectors. They help enterprises in these spaces solve any business problems using data and analytics, and eliminate the need to use a multitude of tools/technologies.

According to CEO Gayatri Balaji, “Any startup needs a godfather who will support and sustain it. We have been in the business for five years and most of our customers are in India. But we want to spread our wings, and go outside our country. Programmes like these can help us quickly get to those big global customers, which would be difficult to do on our own as a startup.”

She adds that, if selected, their expectation from the programme includes access to clients, investors, strategic inputs, and the chance to meet and learn from other companies.

Sprinkle Data: Sprinkle Data is an analytics platform that automates data pipelines and dependency management.

Sharad Agarwal says, “Our solution performs schema discovery and inference of entity relationships, and creates business metrics in a spreadsheet-like format on web interfaces.”

Halt Dos Pvt. Ltd.: HaltDos uses artificial intelligence to automatically detect and effectively mitigate any kind of DoS or DDoS attack without requiring any human intervention. “We are the bouncers of the internet.  We solve cybersecurity problems through machine learning, and the same problem, which would take hours to solve using human intervention, we solve in milliseconds,” says CEO Anshul Saxena.

About his expectations from the programme, if they make it to the final round, he says, “B2B startups like ours need role models who can guide us on what path they followed and how they succeeded. That’s where we can get inputs from the sales and marketing team of NetApps. “

Team Spectral Insights: This 18-month-old startup provides a fully vertically integrated digital solution for the pathology domain. Their solution uses one common piece of hardware, and several software modules to deal with the variety of tests performed using a microscope in a pathology lab – biopsies, blood smears, pap smears, TB sputum smears, bone marrow, etc.

“We try to take everything happening in a pathology lab and convert it to a digital format. We have built a first-generation product, and are in advanced discussions with customers about first-gen deployment. We are looking at the programme to give us acceleration in terms of scaling from a data-centric view, business perspective, and pricing perspective,” says Prasanth Perugupalli, CEO and co-founder.

IOP Technologies: IOP’s IoT products provide industrial plant personnel with deep visibility and data-driven insights across operations. Automating complex work processes enables manufacturers to tighten control on production quality, staffing, and predictive maintenance scheduling.

“We are working on a product for process-based manufacturing industries to solve their problems. We help identify and analyse real-time data from production floors, to solve very critical problems, which are predominantly being done manually. We see improved efficiency and reduced production costs if they get real-time data,” says co-founder Baskaran Balasubramanian.

“The volume of data likely to come out of our product is humungous. There is no better company than NetApp we can to work with to analyse these volumes of data, play with it, and build smart applications,” he adds.

Anlyz: They have created next-gen security products, which make threat and breach detection faster, and improve network security by using ML/Deep Learning and AI to address enterprises’ cybersecurity needs.

Sriram G, Co-founder, says, “If selected, we hope to get good mentorship from thought leaders who’ve built such solutions and show us the right direction in case we are lost somewhere. We would also like to learn how to get clients and deal with them.”

BlobCity, Inc: Blobcity is an analytics marketplace that allows companies to distribute their analytic products over their platform. The platform is available across all major datacenter providers, and anyone with a Docker ID can distribute their Docker applications on this platform without any additional configuration.

“Our solutions can be used by citizen data scientists, that is analysts not formally trained to be data scientists. We see a mutually-beneficial value proposition where BlobCity, can do a joint GTM with NetApp and can help enterprises storing data on NetApp-based systems derive direct meaning from their data,” says CTO Sanket Sarang.

Blog Source: TechGig, YourStory

Meet the 6 startups attending NetApp’s second India accelerator programme

Meet the 6 startups attending NetApp’s second India accelerator programme

NetApp will provide an equity free grant of $15,000 to these startups upon completion of the programme

Cloud company NetApp has announced the six startups selected for the second batch of its startup accelerator programme, called NetApp Excellerator, to be held in Bangalore.

The startups are: ArchSaber, SigTuple Technologies, Nanobi Data & Analytics, Data Ken Technologies, BlobCityInc and Anlyz.

These names were chosen from the 450 companies that registered. Of these, 11 were shortlisted to participate in a rigorous boot camp that concluded with the six being selected for the second cohort. The selections were based on several factors like product capability and technical depth, fitment i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learnability, coachability and credibility of the founding team.

Deepak Visweswarariah, NetApp India Managing Director and Senior Vice President, said: “We want the best of the data driven startups to take advantage of our data legacy. We have a great partnership with Scalend Technologies, a startup from our last cohort, that we are taking to market. We are keen to share knowledge, form partnerships, and create a data ecosystem. The fantastic response from the startups is a substantiation of our commitment and the quality of mentorship being offered as part of the program. As an encouraging trend, we are also seeing more startups founded and led by women entrepreneurs – we have two such examples in our Cohort 2.”

The selected start-ups will now receive access to collaboration and productivity tools, co-working space out of the NetApp’s global center of excellence in Bangalore as well as networking opportunities with potential investors, partners, and customers. These companies will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support.

NetApp will provide an equity free grant of $15,000 to these startups upon completion of the program.

Blog Source: Startagist

NetApp announces Second Cohort of Startups under its flagship accelerator program

NetApp announces Second Cohort of Startups under its flagship accelerator program

NetApp has announced the second batch of startups chosen for its flagship accelerator program, the NetApp Excellerator. Six startups from across India have been selected from 450 companies that applied for the accelerator program. Given the data legacy of the company, the NetApp Excellerator program aims at mentoring growth stage startups.

The second cohort includes start-ups: ArchSaber, SigTuple Technologies, Nanobi Data & Analytics, Data Ken Technologies, BlobCityInc and Anlyz.

The startups were chosen from the 450 companies that registered, up from around 250 that registered for the first cohort, attesting to the value that this program offers. Of these, 11 were shortlisted to participate in a rigorous boot camp that concluded with the six being selected for the second cohort. The selections were based on several factors like product capability and technical depth, fitment, i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learnability, coachability and credibility of the founding team.

Commenting on this, Ajeya Motaganahalli, Director, Engineering Programs and Leader of NetApp Excellerator, said, “I would like to congratulate and welcome all the startups selected for the second cohort. All the six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale. I am impressed with their zeal and vision to transform, thrive in the data space and we are happy to be a part of their incredible journey.”

“We launched the accelerator program last year and it is overwhelming to receive almost double the number of applications for our second cohort. We are looking forward to the experience of mentoring this batch. The set of startups we have here seems to further along their journey in the maturity curve as compared to the earlier cohort,” he added.

Sharing the vision behind the program, Deepak Visweswarariah, NetApp India Managing Director and Senior Vice-President, said, “We want the best of the data-driven startups to take advantage of our data legacy. We have a great partnership with Scalend Technologies, a startup from our last cohort, that we are taking to market. We are keen to share knowledge, form partnerships, and create a data ecosystem. The fantastic response from the startups is a substantiation of our commitment and the quality of mentorship being offered as part of the program. As an encouraging trend, we are also seeing more startups founded and led by women entrepreneurs – we have two such examples in our Cohort 2.”

According to the company, the selected startups will now receive access to collaboration and productivity tools, co-working space out of the NetApp’s global centre of excellence in Bangalore as well as networking opportunities with potential investors, partners, and customers. These companies will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support. NetApp will provide an equity free grant of US$15,000 to these startups upon completion of the program.

Located in the heart of Bengaluru’s technology neighbourhood at its 15-acre campus, the four-month-long Excellerator program is NetApp’s first-ever startup accelerator, designed to help enterprise startups to achieve their full potential through mentorship with one of NetApp’s largest R&D teams.

Blog Source: VAR India

Meet the six data analytics startups selected for NetApp’s second accelerator batch

Meet the six data analytics startups selected for NetApp’s second accelerator batch

US-based data storage and management company NetApp Inc. has selected six data-driven Indian startups for the second batch of its accelerator programme, NetApp Excellerator.

The selected startups will now receive access to collaboration and productivity tools, co-working space out of NetApp’s global centre of excellence in Bengaluru as well as networking opportunities with potential investors, partners, and customers.

These companies can leverage NetApp’s platforms and technologies, tools, HR, marketing, legal and tech support. NetApp will provide an equity free grant of $15,000 to these startups upon completion of the programme.

The startups were chosen from 450 companies that registered, up from around 250 that registered for the first cohort. Of these, 11 were shortlisted to participate in a rigorous boot camp that concluded with the six being selected for the second cohort.

The selections were based on several factors like product capability and technical depth, fitment i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learning and coaching capabilities, and credibility of the founding team.

“All six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale. I am impressed with their zeal and vision to transform, thrive in the data space and we are happy to be a part of their incredible journey,” said Ajeya Motaganahalli, director, Engineering Programs and Leader of NetApp Excellerator.

NetApp launched its accelerator programme in June 2017 and in December 2017, six startups graduated from the first batch. The graduating startups included Scalend Technologies, Adya, Enclouden, Lightmetrics, Vaultedge, and Vitacloud.

Here’s a quick look at the startups selected for the second batch:

ArchSaber: This New Delhi-based company, which was founded in 2016, uses machine learning to detect and fix performance issues in IT infrastructure. It monitors infra in real-time.

SigTuple Technologies Pvt Ltd: This Bengaluru-based company, which was founded in 2015, builds cloud-based solutions for medical diagnosis using artificial intelligence. It has tied up with medical institutions to get data for the analysis. SigTuple’s solutions allow labs and hospitals to implement a hub-and-spoke model where medical experts can operate from the hub and devices can be installed in spokes.

Nanobi Data and Analytics Pvt Ltd: This Bengaluru-based startup, which was founded in 2012, provides enterprises a cloud-based business intelligence platform to build analytic applications.

BlobCity: Founded in 2012, this Mumbai-based startup offers companies an analytics database. The company’s database can analyse data in real-time as well as perform low-latency analytics on extremely large datasets. The platform is available across all major data centre providers.

Anlyz: Founded in 2014, the company uses machine and deep learning and artificial intelligence to address enterprise cybersecurity needs.

Dataken Technologies: Founded in 2014, this Bengaluru-based startup operates an analytics platform through which users can monitor data centres, run predictive analytics for telecommunications and operate analytics for enterprise resource planning for life sciences.

Blog Source: VCCircle

NetApp Excellerator Announces Its Second Cohort of Startups In AI and Analytics

NetApp Excellerator Announces Its Second Cohort of Startups In AI and Analytics

Shortly after the success of its first cohort, NetApp has announced the second batch of startups for its flagship accelerator program. Under the NetApp Excellerator, six startups from across India have made their way amongst the 450 companies that applied for it. NetApp will mentor these growth stage startups— ArchSaber, SigTuple Technologies, Nanobi Data & Analytics, Data Ken Technologies, BlobCityInc and Anlyz.

ArchSaber is into infrastructure analytics, where it automates the diagnosis and prediction of issues occurring in a large and complex IT stack. The second in the list is Sigtuple Technologies which is a AI and ML driven healthtech startup. Nanobi Data and Analytics is an interactive and visual full-stack end to end analytics platform, whereas Blobcity is an analytics marketplace that allows companies to distribute their analytic products over their platform. Anlyz uses Deep learning & AI to address enterprise cybersecurity needs and Data Ken is focused on providing Deep Learning driven business process Automation.

The startups were chosen from the 450 companies that registered, up from around 250 that registered for the first cohort, attesting to the value that this program offers. The selections were based on several factors like product capability and technical depth, fitment i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learnability, coachability and credibility of the founding team.

Ajeya Motaganahalli, Director, Engineering Programs and Leader of NetApp Excellerator said, “I would like to congratulate and welcome all the startups selected for the second cohort. All six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale. I am impressed with their zeal and vision to transform, thrive in the data space and we are happy to be a part of their incredible journey.”

Sharing the vision behind the program, Deepak Visweswarariah, NetApp India Managing Director and Senior Vice President said, “We want the best of the data driven startups to take advantage of our data legacy. The fantastic response from the startups is a substantiation of our commitment and the quality of mentorship being offered as part of the program. As an encouraging trend, we are also seeing more startups founded and led by women entrepreneurs – we have two such examples in our Cohort 2.”

The selected startups will now receive access to collaboration and productivity tools, co-working space out of the NetApp’s global center of excellence in Bangalore as well as networking opportunities with potential investors, partners, and customers. These companies will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support. NetApp will provide an equity free grant of USD 15,000 to these startups upon completion of the program.

Blog Source: Analytics India

NetApp selects 6 data-driven startups for its Excellerator programme

NetApp selects 6 data-driven startups for its Excellerator programme

Data storage and management company NetApp on Wednesday selected six data-driven startups for the second batch of its “NetApp Excellerator” programme.

The second cohort includes ArchSaber, SigTuple Technologies, Nanobi Data and Analytics, Data Ken Technologies, BlobCityInc and Anlyz.

The selected start-ups will receive access to collaboration and productivity tools, co-working space out of the NetApp’s global centre of excellence in Bengaluru as well as networking opportunities with potential investors, partners and customers.

NetApp will provide an equity-free grant of $15,000 to these startups upon completion of the programme.

The selected startups will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support. At the end of the four-month accelerator programme, NetApp will provide an equity free grant of $15,000 to each of these startups.

NetApp will provide an equity-free grant of $15,000 to these startups upon completion of the programme.

“All six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale,” said Ajeya Motaganahalli, Director, Engineering Programmes and Leader of NetApp Excellerator.

“We launched the accelerator programme last year and it is overwhelming to receive almost double the number of applications for our second cohort,” he added.

ArchSaber automates the diagnosis and prediction of issues occurring in a large and complex IT stack.

SigTuple Technologies is into digitisation of pathological slide images, running Cloud-based image-processing for diagnosis in pathology labs.

Nanobi analytics is an interactive end-to-end analytics platform that helps prepare, analyse and visualise complex data.

Blobcity is an analytics marketplace that allows companies to distribute their analytic products over their platform.

Data Ken is focused on providing deep learning-driven business process automation, predictive network management, customer insights and micro-segmentation.

Anlyz is a next-gen security product with granularity and visibility of enterprise threat landscape, using machine/deep learning and Artificial Intelligence (AI) to address enterprise cybersecurity needs.

The six start-ups were selected from 450 companies — up from nearly 250 start-ups that registered for the first cohort.

“We have a great partnership with Scalend Technologies, a start-up from our last cohort, that we are taking to market. We are keen to share knowledge, form partnerships and create a data ecosystem,” said Deepak Visweswarariah, Managing Director and Senior Vice President, NetApp India.

–IANS na/

Blog Source: Business Standard, Shafaqna, Web India 123, Social News XYZ, Suryaa, This is my India, Yahoo India, Zee Business, Daily World

NetApp Excellerator Selects Six Startups For Its Second Cohort; Promises $15,000 Equity Free Grant To Each

NetApp Excellerator Selects Six Startups For Its Second Cohort; Promises $15,000 Equity Free Grant To Each

The Six Shortlisted Startups Are ArchSaber, SigTuple, Nanobi Analytics, Data Ken, BlobCity and Anlyz

US-headquartered data storage and management company NetApp has selected startups for the second cohort of its startup accelerator programme, NetApp Excellerator.

The six startups, which have been selected from 450 applications, include ArchSaber, SigTuple Technologies, Nanobi Data and Analytics, Data Ken Technologies, BlobCityInc and Anlyz.

On the second cohort of the accelerator programme, Ajeya Motaganahalli, Director, Engineering Programs and Leader of NetApp Excellerator said, “All six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale. The set of startups we have here seem to further along their journey in the maturity curve as compared to the earlier cohort.”

Under the NetApp Excellerator programme, the shortlisted startups will gain access to collaboration and productivity tools, co-working space out of the NetApp’s global centre of excellence in Bengaluru as well as networking opportunities with potential investors, partners, and customers.

The selected startups will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support. At the end of the four-month accelerator programme, NetApp will provide an equity free grant of $15,000 to each of these startups.

Here is a brief about the selected six startups:

  • ArchSaber: The startup automates the diagnosis and prediction of issues occurring in a large and complex IT stack. It offers real-time monitoring and alerting of all core and non-core infra components and advanced data science techniques to detect and fix these issues.
  • SigTuple: It works on the digitisation of pathological slide images and running cloud-based image processing for diagnosis in pathology labs.
  • Nanobi Analytics is an interactive and visual full-stack end to end analytics platform that offers services for everything an organisations needs to prepare, analyse and visualise complex data, while also eliminating the need to use a multitude of technologies.
  • Blobcity: Blobcity is an analytics marketplace that allows companies to distribute their analytic products on its platform. The platform is available across all major data centre providers, and anyone with a Docker ID can distribute their Docker applications on this platform without any additional configuration.
  • Anlyz is a next-gen security product with granularity and visibility of enterprise threat landscape using machine/deep learning (ML) and artificial intelligence (AI) to address enterprise cybersecurity needs
  • Data Ken is focused on providing deep learning driven business process automation, predictive network management, customer insights and micro-segmentation.They are augmenting AI/ML driven intelligence into network Monitoring for Enterprise networks.

In December 2017, NetApp Excellerator completed the first cohort of its programme where six startups – LightMetrics, ADYA, Vaultedge, Vitacloud, EnCloudEn and Scalend – graduated.

As the cohort’s alumni, the startups have received continued access to mentorship and go-to-market opportunities with NetApp, as well as ecosystem connects.

A Look At Some Of The Accelerator Programmes Launched Recently

Recently, many other accelerators also opened up applications for their startup hunt in India.

For instance, last week Amazon introduced the second edition of its Alexa Accelerator programme and has opened applications for startups worldwide including India. It is looking for 13 promising startups, which use voice technology, to come up with new devices that can integrate Alexa.

Also, Delhi NCR-based startup accelerator Espark-Viridian is inviting applications for the March cohort of its #AccessXcceleration programme. The Accelerator is looking for early-stage startups from all sectors to be a part of the programme. The entries are open till February 26, 2018.

In January 2018, Facebook collaborated with Hyderabad based T-Hub to kickstart ‘India Innovation Hub Accelerator Program’ to discover the best amongst startups working in the field on AR/VR in India.

Also in January, YES BANK launched the second cohort of its fintech startup accelerator, YES FINTECH. The 15-week innovation programme will witness eight startups, chosen from over 500 applicants across 10+ countries, undergo rapid enhancement of their value quotient through product-market-fit guidance, Proof of Concept (PoC) validation and Go-To-Market advisory.

Amid the various accelerator programmes being launched in India, the six participating startups of NetApp Excellerator will gain access to mentorship and other resources essential to their success.

Blog Source: Inc 42, Daily Hunt

NetApp Excellerator Welcomes Its Second Cohort of Startups

NetApp Excellerator Welcomes Its Second Cohort of Startups

Riding high on the success of its first cohort, NetApp announced the second batch of startups chosen for its flagship accelerator program, the NetApp Excellerator. Six startups from across India have been selected from the 450 companies that applied for the accelerator program. Given the data legacy of the company, the NetApp Excellerator program aims at mentoring growth stage startups.

The second cohort includes the startups – ArchSaber, SigTuple Technologies, Nanobi Data & Analytics, Data Ken Technologies, BlobCityInc, and Anlyz.

The startups were chosen from the 450 companies that registered, up from around 250 that registered for the first cohort, attesting to the value that this program offers. Of these, 11 were shortlisted to participate in a rigorous boot camp that concluded with the six being selected for the second cohort. The selections were based on several factors like product capability and technical depth, fitment i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learn ability, coach ability, and credibility of the founding team.

Ajeya Motaganahalli, Director, Engineering Programs and Leader of NetApp Excellerator said, “I would like to congratulate and welcome all the start-ups selected for the second cohort. All six companies have an extraordinary team and a unique solution that has the potential to become a significant player on a global scale. I am impressed with their zeal and vision to transform, thrive in the data space and we are happy to be a part of their incredible journey.”

“We launched the accelerator program last year and it is overwhelming to receive almost double the number of applications for our second cohort. Looking forward to the experience of mentoring this batch. The set of startups we have here seem to further along their journey in the maturity curve as compared to the earlier cohort,” he added.

Sharing the vision behind the program, Deepak Visweswarariah, NetApp India Managing Director and Senior Vice President said, “We want the best of the data-driven startups to take advantage of our data legacy. We have a great partnership with Scalend Technologies, a startup from our last cohort, that we are taking to market. We are keen to share knowledge, form partnerships, and create a data ecosystem. The fantastic response from the startups is a substantiation of our commitment and the quality of mentorship being offered as part of the program. As an encouraging trend, we are also seeing more startups founded and led by women entrepreneurs – we have two such examples in our Cohort 2.”

The selected start-ups will now receive access to collaboration and productivity tools, co-working space out of the NetApp’s global center of excellence in Bangalore as well as networking opportunities with potential investors, partners, and customers. These companies will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support. NetApp will provide an equity free grant of USD 15,000 to these startups upon completion of the program.

Located in the heart of Bengaluru’s technology neighborhood at its 15-acre campus, the four-month-long Excellerator program is NetApp’s first-ever startup accelerator, designed to help enterprise startups to achieve their full potential through mentorship with one of NetApp’s largest R&D teams.

Blog Source: CIO Review, News Experts

‘B2B startups in India are making inroads in enterprise space’ – Madhurima Agarwal, NetApp Excellerator
12/28/2017

‘B2B startups in India are making inroads in enterprise space’ – Madhurima Agarwal, NetApp Excellerator

NetApp accelerator’s recent demo day featured startups in AI, data security, automation, video analytics, e-health and legal workflow. The accelerator model can help them win corporate customers.

This article is part of the YourStory series Startup Hatch, about incubators, accelerators and makerspaces in the startup ecosystem. See earlier profiles of initiatives at IIT Bombay, IIM Bangalore, BITS Pilani, NCL, Tata Elxsi, Axilor, NID, IIIT-Bangalore, IIIT-Hyderabad, Vellore Institute of Technology, PSG Coimbatore, Workbench Projects, Makers Asylum, Appy Hours, Turning Ideas. Ashoka Innovators, and Startup Leadership Programme.

Madhurima Agarwal is Senior Manager at NetApp Excellerator. She has over 14 years of experience, spread across enterprises and startups. She was the Director for Corporate strategy at CommonFloor. Madhurima is an alumna of IIM, Ahmedabad.

She worked in London as well as in India with renowned financial firms such as Goldman Sachs and Fidelity Investments. She is an ex-entrepreneur and has donned the hat of a mentor, advisor and investor for various startups. NetApp’s product releases are driven by Ajeya Motaganahalli, Director, Engineering Programmes.

Madhurima joins us in this interview with updates on the journey, accomplishments and messages of NetApp Excellerator.

YS: What was the founding vision of your accelerator, and how is it supported?

MA: NetApp launched this programme with the sole intention of fostering innovation in our ecosystem. We were a startup once and we would like to give back to the ecosystem in the best way we can. We would like to shorten the innovation cycles of these startups based on the experiential journey we have undergone ourselves

YS: Which startups have graduated from your accelerator so far?

MA: We had the Demo Day for our first batch on December 12. Here are profiles of some of the startups:

Adya is a SaaS data security platform that helps companies protect their data from insider theft and from ransomware. It has a ‘cloud scale real-time learning engine’ that analyses events from data sources in real-time and provides alerts in case of abnormal behaviour.

Enclouden is focussed on automating IT infrastructure on a private cloud/VDI solution. It provides automated self-healing and self-managing properties to manage, monitor, and secure distributed IT systems.

Lightmetrics is developing software for ADAS and video analytics to make driving safer and better understand driving behaviour. Its hardware agnostic SDK enables it to work on a range of devices like smartphones, tablets, and dash cameras.

Scalend Insights Application is an AI-enabled platform that tracks customer interactions real-time across multiple channels. It cleanses and integrates data, allowing prediction of customer’s behaviour and actions.

Vaultedge automates legal workflows using artificial intelligence so that lawyers can focus on high value tasks. It can extract clauses as well as relevant data points, and provides categorisation of contracts.

VitaCloud is a digital health platform that empowers physicians to manage chronic diseases remotely, using connected technology, data and the human touch. Its ‘Internet of Medical Things’ (IoMT) platform combines variables about biometric vitals, food, physical activity, and medication, and maps the relationship between lifestyle, metabolic risk factors, and chronic diseases.

YS: What would you say are the top three opportunities for Indian entrepreneurs?

MA:

First, building world class products for the huge Indian population with a unique demography.
Second, delivering solutions to global enterprise scale challenges (I see more and more B2B startups quietly making inroads in the enterprise space).
Third, riding on the momentum that the government is creating for a digital India.

YS: What are the key challenges faced by startups in India, and how can you help bridge the gap?

MA:

1. Understanding enterprise scale: This is one of the problems most B2B startups face as they try to scale their solution from an SME to enterprise scale. NetApp helps startups on the technical and business side to build their products and strategy in such a way that they are scalable and can cater to an enterprise’s needs.
2. Access to customers: Enterprise sales can be long and getting to the right person to speak to can itself take months. NetApp partners with select startups and helps them shorten the cycle by getting access to the right person to talk to early on.

YS: What is the selection criteria for startups in your accelerator?

MA: There are multiple parameters we look at, of which the team is primary. We look at the quality of the team. The stage and idea are also important parameters. Also, we are very mindful of the fact that the startup should be in an area where NetApp can add value.

YS: How would you differentiate your accelerator from the other accelerators in the field?

MA: We provide mentoring, access to customers, investor connects, co-working space and a grant of equity-free $15,000. With NetApp’s rich history of innovation and expertise in data management, we are providing startups the right mentorship — both technical and business. Additionally, we get best-in-class global industry experts to help them define their business strategy and focus.
Our B2B accelerator programme has been designed to help startups create innovative world-class products and solutions that are market-ready. The programme enables startups to use NetApp expertise and its ecosystem of partners, subject matter experts and customers to realise the maximum potential of their innovative ideas.

YS: What would you define as success for your accelerator?

MA: I consider the NetApp Excellerator to be successful if the startups in our cohort succeed. Success for the startups can mean any or all of three things: getting customers, raising investment, and making significant improvements in their product offering.
We just completed the first cohort and are thrilled with the success the startups have achieved. In the first cohort of the six startups, I am excited to share that we have seen success across all three aspects. One of the startups has raised an angel round, another is in the middle of a VC round.
Two have pivoted and created a strong product that is finding lot of traction in the global market; almost all have had multiple customer introductions and are progressing rapidly with GTM. One startup has become a NetApp Alliance partner, which is a coveted status.

YS: How do you compare and contrast India’s accelerators with that of other countries such as the US and China?

MA: We looked at a lot of accelerators abroad and feel that we are at par with the global accelerators. A key difference, though, is having a fund and taking equity stakes.
The ecosystem as a whole affects the kind of exposure the startups get, and I have definitely seen huge strides being made in that space. More MNCs are opening up accelerators or innovation centres in India.

YS: What are your recommendations for Indian policymakers to make business easier for accelerators, investors, researchers and startups in India?

MA: Having a think tank that comprises leading accelerators and investors is imperative. They are the people who engage with startups at all stages and understand the long-term impact they can have on the economy. Combining enterprise experience with investment acumen is a win-win and can add a lot of value to startups.
I would suggest looking at Israel where the government has some extremely accelerator friendly policies, and invests in setting up accelerators. They also help the startups get revenues by licensing their IP or enabling exits. Such measures can be a game changer for the startup scene in India.

YS: What are your recommendations or words of inspiration to the startups and entrepreneurs in our audience?

MA: The world is changing, and the pace of change is faster than ever, and it is being driven by startups. The entrepreneurs are disrupting the world, and now is the most conducive environment to be an entrepreneur in.
It can be fairly lonely being an entrepreneur, but it is the focus and grit that keeps you going. There will be a hundred voices throwing advice at you, but listen to your heart (of course don’t leave your brain behind!) and you shall prevail.

Meet The 6 Startups That Graduated From The First Cohort Of NetApp Excellerator
12/13/2017

MEET THE 6 STARTUPS THAT GRADUATED FROM THE FIRST COHORT OF NETAPP EXCELLERATOR

The US-headquartered data storage and management company NetApp has announced the graduation of the first cohort of six startups during the NetApp Excellerator Demo Day on December 12, 2017. The six startups that graduated are LightMetrics, ADYA, Vaultedge, Vitacloud, EnCloudEn and Scalend.

Located in Bengaluru, NetApp Excellerator programme is NetApp’s first-ever startup accelerator to help enterprise startups achieve their full potential through mentorship with one of NetApp’s R&D teams. The accelerator programme provides business and technology mentorship, customer access, access to tools, investors, coworking space and funding grants of $15K. In September, out of 250 applicants, six startups were shortlisted for the four-month-long graduation programme.

Deepak Visweswaraiah, SVP & MD, NetApp India stated, “Mentoring the startups in our very first cohort was a valuable learning experience for us. It allowed us to reconnect with the startup that we remain at heart. We will continue to support the startups through the NetApp Excellerator program and provide them with the best ecosystem to achieve success.”

As the cohort’s alumni, the startups will have continued access to mentorship and go-to-market opportunities with NetApp, as well as ecosystem connects. They will also share their experiences with startups in the future cohorts.

Commenting on the NetApp Excellerator programme, Ajeya Motaganahalli, Director of NetApp Excellerator program said, “With our rich history of innovation and expertise in data management, we have been able to provide the right mentorship, both technical and sales related, to the startups in our first cohort. We leveraged expertise from across NetApp to help the six best startups selected from the 250 applications received. In addition, we got them the best-in-class global industry experts to help them qualify the target markets better and supplement their technical capabilities.”

During the course of the programme, one of the participants Adya raised an angel round of funding to the tune of $250K

NetApp Excellerator: Meet The Six Startups

ADYA: Founded by Deepak Balakrishna and Pradeep Das in 2016, ADYA provides a SaaS services to help companies protect their data in their cloud apps from overexposure and insider threats.

Scalend Technologies: Founded by ex-Paypal employees, Ravi Madhira and Srikanth Parthasarathy in 2016, the Bengaluru-based startup provides an AI-enabled data discovery and insights platform for financial companies and services.

Vaultedge: Founded by Murali Tirupati and Sajeev Aravindan in 2015, the startup helps lawyers complete contract reviews and due diligences faster using AI.

Vitacloud: Founded by Rohin Bhargava and Rahul Vinod Upputuri in 2016, Vitacloud is a digital health platform that empowers physicians to prevent, manage and reverse chronic diseases, using connected technology and data.

LightMetrics: Founded by Soumik Ukil, Mithun Uliyar, Ravi Shenoy, Gururaj Putraya, Krishna AG and Dr Pushkar Patwardhan in 2015, LightMetrics helps make driving safer. The startup helps understand driver behaviour better by providing visual context to telematics.

EnCloudEn: Founded by Satya Kishore Gontina, Abinash Saikia and Vishwa Vijoyendra Narayan in 2015, the startup delivers a proprietary zero-touch private cloud and VDI solution built on its own hyper-converged platform for enterprises.

Considering that Google, Microsoft, IBM, Intel and other leading software and hardware giants have already been providing accelerator programmes, NetApp Excellerator is a late entrant to the Indian startup ecosystem, largely due to the lack of data-centric ecosystem.

As the first NetApp Excellerator Demo Day event commemorated the completion of the first cohort, NetApp has opened lines for the applications for the second cohort. Startups based on horizontals like IOT, cloud, big data and analytics, machine learning, virtualisation and data security can apply for the accelerator programme.

News Source: Inc42

Meet the six startups graduating from NetApp’s maiden accelerator programme

MEET THE SIX STARTUPS GRADUATING FROM NETAPP’S MAIDEN ACCELERATOR PROGRAMME

US-based data storage and management company NetApp Inc. has said that six startups have graduated from its first batch of accelerator programme, ‘NetApp Excellerator’.

These startups, which were selected from among 250 applicants, serve clients across the financial, legal, healthcare, and transportation services sectors.

The four-month-long programme offers the selected startups access to NetApp platforms and technologies, tools, co-working space, human resources, marketing, legal and tech support. Under Excellerator, NetApp also offers an equity-free grant of $15,000 to the selected startups upon completion of the programme.

The startups will own their intellectual property and NetApp would not seek a stake in them.

“Our whole vision behind starting this program was primarily to build an ecosystem that can help innovate and solve some of the customer problems that we see. Our intention was to bring our expertise in the data management business and help build an ecosystem around it,” Ajeya Motaganahalli, director and leader of the NetApp Excellerator programme, said.

The company has opened up the application process for the next batch, which will be closed on 19 January 2018. The second cohort will commence on 21 February.

A quick look at the startups:

Scalend Technologies: Bangalore-based Scalend Technologies Pvt. Ltd was founded in 2015. The startup provides an artificial intelligence-enabled data discovery and insights platform for financial companies and services. It uses AI and machine learning to generate insights by analysing omnichannel data for the banking, financial services and insurance sector. It has built a platform that provides data-oriented insights to solve business problems. Ravi Madhira and Srikanth Parthasarathy are its two co-founders.

Adya: It operates on a software-as-a-service (SaaS) model and provides a big data and machine learning stack that helps companies protect their data from employee theft and ransomware. It helps companies detect sensitive data (whether inside the enterprise or on the cloud), protect it from overexposure and alert in case of misuse or theft.
Adya Inc. was founded by Deepak Balakrishna and Pradeep Das. It raised angel investment of $250,000 during the accelerator programme. The startup was earlier part of Axilor Ventures’s fifth accelerator batch.

Enclouden: It focusses on automating IT infrastructure on a private cloud or providing a virtual desktop infrastructure solution. It helps manage, monitor and secure distributed IT systems. Enclouden is building an IT system that can run without human intervention.
The Bangalore-based startup was founded by Abinash Saikia and Satya Kishore Gontina in 2012. Enclouden is run by Invicto Software Solutions Pvt. Ltd.

Lightmetrics: Launched in 2015, Lightmetrics Technologies Pvt. Ltd uses computer vision and machine learning to collect and analyse data on driving quality using a smartphone. The startup was founded by Soumik Ukil, Krishna A. G., Mithun Uliyar, Ravi Shenoy, Pushkar Patwardhan and Gururaj Putraya.
The startup provides real-time traffic alerts–traffic signs, distance, lane departure, etc–to drivers.
It provides Android and iOS software development kits for the mobile device that can be used to analyse videos in real time. It also provides real-time notifications and stores driver behaviour data on the cloud.

Vaultedge: Founded in 2015 by Sajeev Aravindan and Murali Tirupati, Vaultedge Software Pvt. Ltd helps law firms and enterprises complete contract reviews and due diligences faster using artificial intelligence. Vaultedge automatically analyses contracts and highlights risks there by saving 70% of time lawyers spend in contract reviews.

Vitacloud: Bangalore-based Vitacloud Digital Health Pvt. Ltd provides a solution to physicians to prevent, manage and reduce chronic health diseases by using data and analytics. The startup was founded by Vinod Shankar, Rohin Bhargava and Rahul Vinod in 2016.
The startup has a cloud-based platform that integrates information in real time from multiple data sources such as health monitors, wearable devices, clinical records, mobile sensors, apps and public content. It aims to combine different variables to create a health baseline or a real-time smart profile for users.

News Source: VC Circle

NetApp Graduates Six Startups

NetApp Graduates Six Startups

NetApp, US-based data storage and management company, on Tuesday announced graduation of its first batch of startups as part of NetApp Excellerator programme.

The selected startups include Adya, Scalend Technologies, Vaultedge, Vitacloud, Lightmetrics and Enclouden. NetApp India Senior VP & MD Deepak Visweswaraiah said mentoring six startup as part of the very first cohort is a learning experience.

The engagement with startups will help in enhancing the credibility of them and present them jointly go to the customer.

The company also invited applications for the second cohort from Tuesday and the last day will be January 19. The programme will startup from February 21.

News Source: Deccan Herald

Accelerator program a success: NetApp

Accelerator program a success: NetApp

NetApp on Thursday announced the graduation of the first batch of its accelerator programme in India and called for applications for the second. The 5.5$-billion data management company said it was very happy with the experience from the first batch. One of the participating strartups, Scalend Technologies, an AI enabled data discovery and insights platform for financial companies & services, has become a NetApp Alliance Partner, which means the two will take their solutions jointly to the market.

Note: The coverage is secured basis the media briefing at the NetApp Excellerator Demo Day.

NetApp helps 6 startups using AI and machine learning achive big
12/12/2017

NetApp helps 6 startups using AI and machine learning achive big

Bengaluru, Dec 12 (UNI) IT products that could revolutionise personal healthcare, help lawyers decode voluminous agreements and ensure safe driving are among the six startups that have been successfully handled by NetApp, a data authority on hybrid cloud. These six startups have graduated from the first Excellerator
Programme of NetApp that was designed to help enterprise startups to achieve their full potential through mentorship with one of NetApp’s largest research and development teams.
One of them, Scalend, has become an alliance Partner with NetApp itself to offer software to financial sector for enhancing their business using Artificial Intelligence. Operating from India and Singapore it already has six clients and with the help of NetApp
marketing skills aim to enhance its business.
Scalend Technologies CEO Ravi Madhira told newsmen here that the programme had helped the company to focus on market research and identify the right target market and target customers.
NetApp which held the first Excelerator demo programme today also exhibited the product of Light metrics, which has come out with a software driven camera that could enable drivers of vehicles to avoid accidents and drive safely. Its product had already been picked up by a trucking company in the US.
Similarly, Valuedge, is another startup which has for the first time come up with a data based products that could help legal firms and corporate entities to scan draft agreements in least time with voluminious agreements reduced to three page summary.
NetApp Senior Vice President and Managing Director of Indian operations, Deepak Visweswaraiah said that mentoring of startups have given a valuable learning experience as it allowed the company to reconnect with the startup that remain at heart. NetApp would provide them with best ecosystem to achieve success.
The six startup were selected from more than 250 startups that had applied for the programme which not only had a cash support of USD 15,000 each but also provided necessary technical, logistic and mentoring support to these six start ups.
The second programme has kicked up and applications have been sought from prospective start ups with the last day being January 19, Mr Visweswaraiah said.
UNI CNR RS CS 1810

News Source: UNI

First 6 startups graduate from NetApp Excellerator programme

First 6 startups graduate from NetApp Excellerator programme

Data storage and management company NetApp on Tuesday announced the graduation of its first cohort of six start-ups as part of the NetApp Excellerator programme.

The programme is designed to help enterprise startups achieve their full potential through mentorship with one of NetApp’s largest R&D teams.

The six start-ups — Lightmetrics, Adya, Vaultedge, Vitacloud, Enclouden and Scalend — demonstrated their achievements and progress to venture capitalists, NetApp executives and prominent industry leaders.

“We leveraged expertise from across NetApp to help the six best start-ups selected from the 250 applications received.

In addition, we got them the best-in-class global industry experts to help them qualify the target markets better and supplement their technical capabilities,” said Ajeya Motaganahalli, Director and leader of the NetApp Excellerator programme.

Now as alumni, the startups will have continued access to mentorship and go-to-market opportunities with NetApp as well as eco-system connects.

“NetApp mentorship helped us focus our market research, and identify the right market and target customers we could go after,” said Ravi Madhira, CEO, Scalend Technologies.

Applications for the second cohort are now open, the company said.

“We will continue to support the start-ups through the NetApp Excellerator programme and provide them with the best ecosystem to achieve success,” added Deepak Visweswaraiah, Senior Vice President & Managing Director, NetApp India. –IANS na/vm

News Source: Business Standard

These startups from NetApp Excellerator’s first cohort are poised to take their innovations to a global B2B market
11/15/2017

These startups from NetApp Excellerator’s first cohort are poised to take their innovations to a global B2B market

For startups, building their business is like working on a jigsaw puzzle – a multitude of intricate pieces that need to fit into just the right place for the picture to be complete. At times, they need a helping hand to figure out the gaps and how best to address them.

The NetApp Excellerator programme helps startups realise the full potential and reach of their innovative ideas. Launched in June this year, the NetApp Excellerator has been instrumental in providing startups with knowledge and experience on various aspects of setting up and scaling up a business, giving them access to NetApp technologies, partners and mentors. In addition, the programme provides the selected startups access to potential customers and venture capitalists and helps them explore how best they can take their innovative ideas to a global market.

The programme received 260 applications in all, from which the following six startups were shortlisted for the four-month-long immersive programme. Here’s a quick look at the select six.

(The Demo Day for the first cohort of the NetApp Excellerator is scheduled to be held on December 12. Do watch this space for more details on the exciting and innovative solutions which will be showcased on the occasion.)

Adya: For any enterprise, securing their data against vulnerabilities, both internal and external, is a vital need. Adya is a SaaS-data security platform that helps companies protect their data from insider theft and ransomware. It does this by helping companies detect where their most sensitive data is (whether it’s inside the enterprise or in the cloud), protecting it from overexposure and issuing an alert in case of misuse or theft. The platform works on the premise that since the attacker since the attacker already has access to the network — either in the form of a malicious insider or an insider whose credentials have been compromised, traditional cybersecurity defences such as firewalls and VPNs would not be able to protect enterprises from these attacks.

Deepak Balakrishna, Co-founder and CEO, Adya, says “Being part of the NetApp accelerator has given us access to world-class facilities, mentoring and channels and has been a great signal to potential investors, customers and employees. As the market leader in data management solutions, their expertise, feedback and brand is very valuable as we go to market. As a B2B focused accelerator – of which there are very few in India – NetApp has the potential to help B2B startups such as Adya that are in the data security space move to the next level.”

NetApp’s Director of Engineering Programs Ajeya Motaganahalli, who also heads the accelerator, says, “Security is always a hot space, and Adya with its SaaS-based offering possesses the potential to grow into a potent security solution for companies that operate in the cloud. The founder has a lot of depth and is quick to notice success factors and capitalise on these. A case in point is their recent pivot from OnPrem to Cloud.”

EnCloudEn : A technology platform, EnCloudEn helps organisations automate their IT infrastructure at reduced costs, including setting up an internal cloud-based datacenter, consolidating IT workloads with the private cloud, deploying virtual desktop infrastructure (VDI), and enabling IT for users in a bring your own device (BYOD) model, among others

“NetApp Excellerator is helping us take a leap by facilitating access to expertise in various areas related to building a tech company. We really appreciate how invested the team at NetApp Excellerator is in our success,” says EnCloudEn Co-Founder Abinash Saikia

According to Ajeya, “EnCloudEn is an extremely dynamic startup with a set of hugely talented and accomplished young founders who are extremely ambitious. They are well on their way to creating a uniquely compelling offering in a crowded market by offering a cost-effective infrastructure solution.”

LightMetrics: This startup is working to make roads safer and smarter by using smartphones to collect motion insights during transportation and analysing this real-time data to better understand driver behaviour. One of their products, RideView, is a cross-platform and hardware agnostic SDK that can process a forward-facing camera video to alert the driver in real time, and ensure compliance with traffic laws. Their SDK can be integrated on devices such as smartphones, tablets and dash cameras.

“NetApp Excellerator is easily one of the better thought-out and executed startup accelerator programmes in India. Getting startup mentors and coaches from Silicon Valley has been hugely beneficial, and this exercise showed us how a startup can figure out its market segments, key value proposition, go-to-market, etc. through well-established processes and exercises. Access to key people in India and the US through the extended NetApp family is a huge benefit. During our time so far, it feels great to see how invested NetApp has been in ensuring that startups in the cohort do well in a sustainable manner,” says Krishna A.G., Co-Founder and V.P. of Sales, LightMetrics.

“I have noticed a very high degree of maturity and focus in this team of founders. Their openness to learn and their single-minded focus on customer acquisition can only be surpassed by their determination to stay the course and succeed,” says Ajeya.

Scalend Technologies: The BFSI sector has always been data-driven and when harnessed efficiently, this data derives rich insights which helps the businesses. Scalend’s solution is in the form of an AI-enabled data insights platform for financial services and fintech companies. The platform combines proprietary AI models with Big Data – Hadoop’s unlimited storage and computing power, which can generate actionable insights around omni-channel customer journeys, fraud detection and back-office optimisation, in a matter of weeks.

According to Srikanth Parthasarathy, Co-founder, Scalend Technologies, “Building a B2B product startup is hard, and most startup accelerators are focused on B2C startups. The NetApp Excellerator has been refreshingly different from others, with a very strong B2B focus – both in clearly defining the product and market, and a strong emphasis on talking to customers and iterating from there. For us, the added advantage of NetApp offering the support of its large and experienced sales machine makes the Excellerator that much more compelling.”

Ajeya’s opinion on Scalend is this: “A great combination of a compelling product; that too at a time when the financial industry is undergoing digital transformation, combined with a set of great founders. This is an ideal company to partner with”.

Vaultedge: Poring through lengthy legal contracts is a time consuming and effort-intensive exercise. Vaultedge uses artificial intelligence (AI) and machine learning to automate legal workflows so that lawyers can focus on the high value tasks. With Vaultedge’s solution, you can upload a contract and see the extracted information in seconds. Their AI platform can understand contracts the way a lawyer does, and accurately identify over 200 clauses and data points. Using their solution, companies can save 70 per cent of their time spent in reviewing contracts.

“The NetApp team has been very open and generous about connecting us to their customers, thus creating sales opportunities for us, says Murali Tirupati, Co-Founder & CEO, Vaultedge

“Vaultedge has a compelling solution for the legal space. The founders are quick to notice new opportunities and pivot quickly to address emerging needs. They are playing in a park where the addressable space is large with only a few competitors,” says Ajeya.

Vitacloud Digital Health Pvt. Ltd.

VitaCloud uses data and analytics to prevent, manage and reduce chronic health diseases through its IoMT (Internet of Medical Things) platform. The platform helps care providers and patients to collaboratively manage chronic diseases by combining connected technologies, data, and the human touch. The solution collects real time data from different health sources like wearables, in-home medical devices, laboratory reports, nutrition databases and population health studies to create a comprehensive health profile. It provides continuous patient monitoring services, Type 2 diabetes management, fitness and weight-loss coaching.

“It has been an incredible experience to be a part of NetApp’s first Excellerator cohort. We find great synergies between NetApp’s data fabric vision and VitaCloud’s data-driven approach to better health outcomes. The Excellerator programme has enabled us to access powerful business connects, technical expertise and knowledgeable mentors within the NetApp ecosystem. It has allowed us to refine our product build-out strategy and execute a structured go-to-market approach. The programme has also provided us with critical business services like IT support, IP advisory and a truly world class co-working environment that fosters collaboration and innovation. Finally, the no-strings attached USD 15,000 grant is valuable for early stage companies that are still bootstrapped or self-funded.”

“With this rich experience and visibility, we feel confident that we can scale VitaCloud to the next orbit of growth,” says Vinod Shankar, Co-Founder, VitaCloud.

In turn, Ajeya believes that VitaCloud has “highly sorted and mature founders who have a clear vision for their product with an extremely consumer-centric vision. They are playing in the healthcare space that has huge potential.”

Blog Source: YourStory

6 Startups sign up in NetApp’s First Accelerator Cohort

6 Startups sign up in NetApp’s First Accelerator Cohort

NetApp, the multinational storage and data management company, has taken in six startups as a part of its first startup accelerator cohort. The company has selected startups that have a B2B focus. The startups were selected from over 200 applications and will get a $15,000 grant from NetApp. “In India we have seen there is a lot of stress on B2C. But, we are focused on the B2B space. We believe there is long-term value creation in that space,“ said Ajeya Motaganahalli, Leader NetApp Excellerator Program. NetApp has selected companies which strive to bring in automation and data analytics capabilities across sectors. The company wants to have two cohorts, each year, going forward. Startups selected in this cohort include Adya, Lightmetrics, Enclouden, Scalend Technologies, Vaultedge and Vitacloud Digital Health.