On Demo Day of NetApp Excellerator’s 4th cohort, startups with 6 futuristic solutions take centre stage
07/26/2019

On Demo Day of NetApp Excellerator’s 4th cohort, startups with 6 futuristic solutions take centre stage

Engaged with 1,200+ startups, mentored 24 startups, created 100+ go-to-market opportunities, has $40mn+ follow-on funding, built 8 global alliance partnerships: this is the impact that the NetApp Excellerator has had in two years across four cohorts.

“We’ve completed a two-year journey in being able to build our vision and turn it into a reality. This is a great milestone for us,” said Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India. The accelerator has been supporting and nurturing innovative B2B startups since 2017, helping them build innovative, world-class products and solutions, and making them market-ready.

“This cohort is special because it marks the maturation of futuristic technologies for B2B,” added Ajeya Motaganahalli, Senior Director and Leader, NetApp Excellerator.

Alumni from previous cohorts include FirstHive, CardioTrack, BlobCity, SigTuple, Nanobi, Scalend and ZScore amongst others. They’ve also had two exits so far – Adya from the first cohort and ArchSaber from the 2nd cohort were acquired in the last six months. Other startups raised several rounds of funding and have gone on to be successful, with SigTuple emerging as a potential unicorn. They also have an international company in the cohort this year – Zappy.ai, headquartered in the UK. “We aren’t restricted to the market in India. Talent is here to create solutions for global consumption. You have to go after global markets to succeed in the longer run,” said Deepak.

Powering futuristic technologies in the B2B ecosystem

NetApp realised there were enough startups who were successful in catering to the consumer and telecom space. “Keeping those successes in mind and the ability of India to compete globally, we always believed that a healthy B2B ecosystem is important. Our way of developing that was through innovation – we wanted to encourage that innovation through an accelerator,” said Deepak. Their focus was to help the B2B startup ecosystem grow, with no strings attached.

Deepak Visweswaraiah, Senior VP and MD, NetApp India, Madhurima Agarwal, Sr. Manager, NetApp Excellerator and Ajeya Motaganahalli, Senior Director and Leader, NetApp Excellerator

At the Demo Day held on July 23, 2019 at Bangalore International Centre, Bengaluru, the programme showcased solutions from six innovative startups in its fourth cohort. From quantum-resistant cryptographic systems, to robotic process automation, and smart predictive maintenance systems for Industry 4.0, the six startups from the fourth cohort are QNu Labs, SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI and UniQreate.

Ensuring that startups find the right direction to grow

The selection process for NetApp Excellerator takes three months and includes several iterations to pick six finalists from around 350 applications. “We only choose startups who we can help. The idea is to help them ensure that they’re in the right direction. We look at alignment from a technology or go-to-market perspective. If they don’t have anything to gain from us, we don’t select them. It has to be mutually beneficial,” said Ajeya.

The startups get access to state-of-the-art working space, a technical and business mentor, $15,000 grant, new market opportunities, and coaches who train them to pitch to investors.

The association continues even after the startups graduate. They get to use NetApp’s facility for an extended period of time, the organisation connects them to potential customers and invites them to all NetApp events and investor meetups. They also focus on peer learning, so that startups who need assistance can get back up with the alumni’s help. “We encourage our own startups to be each other’s customers. We build an ecosystem within the community,” said Ajeya.

On Demo Day 2019, looking back at the two-year journey

At the Demo Day, Ajeya delivered the welcome address and took the audience through the accelerator journey. “Over the last four cohorts, we have come across more than 1,200 startups and I’m extremely happy and humbled to say that the 24 startups we have chosen are all doing extremely well; with two having profitable exits.” Madhurima Agarwal, Sr. Manager, NetApp Excellerator, also shared snippets from the journey they’ve had over the last two years.

There was a fireside chat between Deepak Visweswaraiah and K. Vaitheeswaran, Founder and CEO, Indiaplaza.com. The two shared their experiences and learnings and also discussed why B2B startups don’t get the kind of credit and limelight that they should. “I think it’s easier to build a sustainable venture in B2B than in B2C,” said Vaitheeswaran.

The six startups from the fourth cohort had the opportunity to pitch to an eminent panel of experts from the NetApp leadership team and other industry leaders. The award for ‘Most Innovative Product’ was awarded to SecurelyShare, the ‘Investor’s Choice Award’ was presented to Ecolibrium Energy, and the ‘Best Growth Strategy Award’ went to UniQreate.

Gearing up for the fifth cohort

NetApp Excellerator is now looking to offer startups the opportunity to have NetApp as a customer, solve their problems and partner with them for joint go-to-market opportunities. “We will be floating POC opportunities for companies to execute, where NetApp becomes a customer and pays them,” said Deepak. “Or they can become our partner and execute a POC for some other customer of NetApp,” he added.

NetApp Excellerator is now looking for applications for its fifth cohort. So, if you are a B2B startup looking for your big break, this is your chance. Send in your applications right away.

Blog Source: Yourstory

NetApp Excellerator Powers Futuristic Technologies Through Business Alignment
07/24/2019

NetApp Excellerator Powers Futuristic Technologies Through Business Alignment

Bengaluru: NetApp, a leader in data management and hybrid cloud, today announced the graduation of NetApp Excellerator’s fourth cohort at a demo day event. NetApp Excellerator is the company’s flagship startup accelerator program. As part of the demo day, six technology startups – QuNu Labs, SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI and UniQreate, showcased their business models, market opportunity and projections to an eminent panel comprising of venture capitalists, industry leaders and NetApp top executives. Innovations ranging from quantum-resistant cryptographic systems, AI-based data extraction solutions, to smart predictive maintenance systems, and RPA (Robotic Process Automation) were presented by these entrepreneurs. This batch comprised early stage as well as mature startups, including an international startup, Zappy.AI, headquartered in the U.K.

So far NetApp Excellerator, a unique corporate accelerator program with a focus on data-driven technologies, has mentored 24 such startups through four cohorts. The NetApp team, as well as external mentors, coach these startups on data-driven technologies, platforms, tools, business acumen, and offers access to customer and investor connects. NetApp also provided an equity-free grant of $15,000 to each of the participating startups.

Ajeya Motaganahalli, Senior Director and Leader of NetApp Excellerator said, “Our vision with the NetApp Excellerator program has been to unleash greater possibilities and each edition reflects our commitment to speed up the delivery of advanced technologies. This demo day further validates our program’s strengths and is the start of a deeper engagement for enhanced business alignment in future cohorts. We envision aligning the next cohort with stronger go-to-market opportunities by funding proof-of-concepts.”

Marking another milestone for the program, Prakash Baskaran, Founder and CEO of SecurelyShare says, “Our flagship product Vault.Direct is now available on NetApp’s reference architecture. This strategic alliance will further improve our product and help us explore new ways to leverage NetApp technology.” With this, the NetApp Excellerator has formed eight strategic alliances through its cohorts. These include FirstHive, CardioTrack, BlobCity, SigTuple, Nanobi, Scalend and ZScore from the previous three cohorts.

The NetApp Excellerator Program alumni continue to have access to mentorship and go-to-market opportunities with NetApp. As a success story from the previous cohorts, Adya (an alumnus from the first cohort), recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. Additionally, LightMetrics, provider of advanced video telematics (also an alumnus from the first cohort) secured a new series of funding.

Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India commented, “We have understood some of the trends that are defining the B2B startup eco-system. Using this understanding, and our 25 years of data legacy, we are able to potentially redefine the direction of our startups. ArchSaber, a graduate from the second cohort is being acquired and this is the second company from our alumni to be acquired. The success of the NetApp Excellerator program lies in our ability towards establishing the business and technology viability of the startups within a strong B2B ecosystem.”

NetApp Excellerator has now opened registrations for its fifth cohort. Startups with interests in the areas of hybrid cloud, AI, IOT, data management and adjacent technology domains are invited to apply. To know more, please visit https://startup.netapp.in/ and look us up with #NetAppExcellerator on social media.

Blog Source: APN News, CRN India, Express Computer, TechStory, Timestech, IT Voice, India Tech Online

NetApp Graduates its 4th Startup Accelerator Batch
07/23/2019

NetApp Graduates its 4th Startup Accelerator Batch

Six Futuristic Technology Startups Power the NetApp Excellerator Cohort 4 Series 2019

Six Futuristic Technology Startups Power the NetApp Excellerator Cohort 4 Series 2019

NetApp, a leader in data management and hybrid cloud, has announced the graduation of NetApp Excellerator’s fourth cohort at a demo day event. NetApp Excellerator is the company’s flagship startup accelerator program. As part of the demo day, six technology startups – QuNu Labs, SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI and UniQreate, showcased their business models, market opportunity and projections to an eminent panel comprising of venture capitalists, industry leaders and NetApp top executives. Innovations ranging from quantum-resistant cryptographic systems, AI-based data extraction solutions, to smart predictive maintenance systems, and RPA (Robotic Process Automation) were presented by these entrepreneurs. This batch comprised early stage as well as mature startups, including an international startup, Zappy.AI, headquartered in the U.K.

So far NetApp Excellerator, a unique corporate accelerator program with a focus on data-driven technologies, has mentored 24 such startups through four cohorts. The NetApp team, as well as external mentors, coach these startups on data-driven technologies, platforms, tools, business acumen, and offers access to customer and investor connects. NetApp also provided an equity-free grant of $15,000 to each of the participating startups.

Ajeya Motaganahalli, Senior Director and Leader of NetApp Excellerator said, “Our vision with the NetApp Excellerator program has been to unleash greater possibilities and each edition reflects our commitment to speed up the delivery of advanced technologies. This demo day further validates our program’s strengths and is the start of a deeper engagement for enhanced business alignment in future cohorts. We envision aligning the next cohort with stronger go-to-market opportunities by funding proof-of-concepts.”

Marking another milestone for the program, Prakash Baskaran, Founder and CEO of SecurelyShare says, “Our flagship product Vault.Direct is now available on NetApp’s reference architecture. This strategic alliance will further improve our product and help us explore new ways to leverage NetApp technology.” With this, the NetApp Excellerator has formed eight strategic alliances through its cohorts. These include FirstHive, CardioTrack, BlobCity, SigTuple, Nanobi, Scalend and ZScore from the previous three cohorts.

The NetApp Excellerator Program alumni continue to have access to mentorship and go-to-market opportunities with NetApp. As a success story from the previous cohorts, Adya (an alumnus from the first cohort), recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. Additionally, LightMetrics, provider of advanced video telematics (also an alumnus from the first cohort) secured a new series of funding.

Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India commented, “We have understood some of the trends that are defining the B2B startup eco-system. Using this understanding, and our 25 years of data legacy, we are able to potentially redefine the direction of our startups. ArchSaber, a graduate from the second cohort is being acquired and this is the second company from our alumni to be acquired. The success of the NetApp Excellerator program lies in our ability towards establishing the business and technology viability of the startups within a strong B2B ecosystem.”

NetApp Excellerator has now opened registrations for its fifth cohort. Startups with interests in the areas of hybrid cloud, AI, IOT, data management and adjacent technology domains are invited to apply. To know more, please visit http://startup.netapp.in/ and look us up with #NetAppExcellerator on social media.

  1. 1. QuNu Labs: A quantum-safe internet and cloud security company
  2. 2. SecurelyShare: Trusted, secure and intelligent platform for delivery of sensitive data
  3. 3. Zappy.AI: Cognitive Robotic Process Automation (Implement RPA 30X faster)
  4. 4. Ecolibrium Energy: Industrial IOT – Empowers enterprises to improve asset efficiency using predictive analytics
  5. 5. Eder AI: Helping enterprises scale AI adoption securely, with data privacy
  6. 6. UniQreate: Smart data extraction from documents

More specifics of the 6 cohorts passing out on July 23, 2019 include:

QuNu Labs: QuNu Labs helps CXOs who need to protect their critical data assets in transit to accelerate their transition to Quantum safe data security solutions by building hardware products that deliver unconditional data security.

SecurelyShare: SecurelyShare helps Wealth Managers/Bankers improve customer experience with a mobile app that empowers their customers to receive, organise and share personal information with convenience, security and privacy controls.

Zappy.ai: Zappy is a desktop application that helps operations, accounting and back office employees doing manual business processes automate these processes within a minute without any technical knowledge.

Ecolibrium Energy: Ecolibrium Energy is an Industrial IoT company that empowers enterprises to improve asset efficiency using predictive analytics.

Eder AI: Eder AI helps Enterprise tech leaders to collaborate with third party solution providers in leveraging AI on sensitive data, thereby making privacy, AI and policy work together.

UniQreate: UniQreate helps business users of Data Provider organizations automate high diversity data extraction with intelligent workflow and adaptive learning system.

Blog Source: Silicon Village

NetApp Excellerator powers futuristic technologies through business alignment

NetApp Excellerator powers futuristic technologies through business alignment

NetApp Excellerator Program attains maturity as 24 B2B tech startups graduate and eight strategic alliances have been formed

NetApp announced the graduation of NetApp Excellerator’s fourth cohort at a demo day event. NetApp Excellerator is the company’s flagship startup accelerator program. As part of the demo day, six technology startups – QuNu Labs, SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI and UniQreate, showcased their business models, market opportunity and projections to an eminent panel comprising of venture capitalists, industry leaders and NetApp top executives. Innovations ranging from quantum-resistant cryptographic systems, AI-based data extraction solutions, to smart predictive maintenance systems, and RPA (Robotic Process Automation) were presented by these entrepreneurs. This batch comprised early stage as well as mature startups, including an international startup, Zappy.AI, headquartered in the UK.

So far NetApp Excellerator, a unique corporate accelerator program with a focus on data-driven technologies, has mentored 24 such startups through four cohorts. The NetApp team, as well as external mentors, coach these startups on data-driven technologies, platforms, tools, business acumen, and offers access to customer and investor connects. NetApp also provided an equity-free grant of $15,000 to each of the participating startups.

Ajeya Motaganahalli, senior director and leader of NetApp Excellerator said: “Our vision with the NetApp Excellerator program has been to unleash greater possibilities and each edition reflects our commitment to speed up the delivery of advanced technologies. This demo day further validates our program’s strengths and is the start of a deeper engagement for enhanced business alignment in future cohorts. We envision aligning the next cohort with stronger go-to-market opportunities by funding proof-of-concepts.”

Marking another milestone for the program, Prakash Baskaran, founder and CEO of SecurelyShare said: “Our flagship product Vault.Direct is now available on NetApp’s reference architecture. This strategic alliance will further improve our product and help us explore new ways to leverage NetApp technology.” With this, the NetApp Excellerator has formed eight strategic alliances through its cohorts. These include FirstHive, CardioTrack, BlobCity, SigTuple, Nanobi, Scalend and ZScore from the previous three cohorts.

The NetApp Excellerator Program alumni continue to have access to mentorship and go-to-market opportunities with NetApp. As a success story from the previous cohorts, Adya (an alumnus from the first cohort), recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. Additionally, LightMetrics, provider of advanced video telematics (also an alumnus from the first cohort) secured a new series of funding.

Deepak Visweswaraiah, senior vice president and managing director, NetApp India commented: “We have understood some of the trends that are defining the B2B startup eco-system. Using this understanding, and our 25 years of data legacy, we are able to potentially redefine the direction of our startups. ArchSaber, a graduate from the second cohort is being acquired and this is the second company from our alumni to be acquired. The success of the NetApp Excellerator program lies in our ability towards establishing the business and technology viability of the startups within a strong B2B ecosystem.”

Blog Source: Data Quest, The News Minute, Bis Infotech

B2B Startups Landed $3.7B in Funds Last Year
05/13/2019

The number of B2B startups in India has grown from 800 to over 3200 in the past five years , with the funding going up by 364% to USD 3.7 billion in 2018. A study by NetApp and Zinnov, called ‘B2B Tech Startup Ecosystem and Role of Corporate Accelerators in India’, found that this growth was largely fueled by the need for digital transformation across enterprises, financial, institutions, government, hospitals and SMEs. The study found that Bengaluru was the most popular city for B2B startups, followed by Mumbai and Delhi, helped by the presence of dedicated incubators and accelerators.

 

Note: The coverage is based on Ajeya Motaganahalli’s 1:1 interaction with the publications on the side-lines of NetApp – Zinnov study launch.

Blog Source: The Times of India, Financial Express, The Hindu, Telangana Today, The News Minute, Express Computer, CRN India, VAR India, Daily News, National Herald News

B2B Startups Jump Four-Times to 3,200 in 2014-18

B2B Startups Jump Four-Times to 3,200 in 2014-18

The number of business-to-business (B2B) startups has jumped four times to 3,200 in 2018 from 800 in 2014, enabling faster growth of the ecosystem, attracting investments worth USD 3.7 billion from USD 797 million, during the period, says a report. However, this has been mostly centered around Bengaluru, Mumbai and Delhi-NCR, says a report by Netapp, a leading player in data management and hybrid cloud services, and global management consulting firm Zinnov. The concentration of this ecosystem in to these three cities can be largely be attributed to the spurt in the need for digital transformation of enterprises, financial institutions, hospitals, government, SMEs, the report said.

Note: The coverage is based on a wire flash by Press Trust of India basis NetApp – Zinnov study.

Blog Source: Financial Express, Livemint, Times Now, Moneycontrol, Business Today, The Week

From $797 Million to $3.7 Billion: The Rise of B2B Start-ups in India

From $797 Million to $3.7 Billion: The Rise of B2B Start-ups in India

“In 2015, when we went and met investors to raise funds, we were often asked if our start-ups are in food delivery, local services or local logistics space,” recalls Rahul Garg, founder and CEO of a B2B (business to business) commerce company Moglix, when talking about the challenges they faced when starting up. Most start-ups in B2B space have similar stories to relate when during 2014-15 they had trouble raising finances in India as the ecosystem was heavily skewed towards business to consumer (B2C) or the start-ups targeting consumers directly. Recent years, though, have seen a massive shift. Picture this: While B2B start-ups in India raised only Rs $797 million in 2014, they could secure $3.7 billion in 2018, a rise of 364 per cent, findings of a recent study by NetApp and Zinnov show.

The report, B2B Tech Startup Ecosystem and Role of Corporate Accelerators in India, also reveals that B2B tech start-ups have more than tripled — from 900 to more than 3200 — since 2014.

“This can largely be attributed to a spurt in the need for digital transformation of enterprises, financial institutions, hospitals, government, SMEs, etc. Adding fuel to their success is the growing investor interest,” it says.

According to the report, about 70 per cent of these start-ups are in the space of enterprise tech (41 per cent), fintech (19 per cent) and health-tech (9 per cent), while the rest of 39 per cent are in areas of software as a service (SaaS), customer relationship management (CRM), alternative lending, expense management, medical internet of things and artificial intelligence-enabled predictive platforms.

The space has also seen a lot of action on advanced technology front and the report says that more than 800 start-ups in the country today are working on advanced technologies such as data analytics, Artificial Intelligence, Internet of Things, Blockchain, 3D printing etc. Segregating over 800 of B2B tech startups as ‘advanced tech startups’, the study indicates their year-on-year growth at 60 per cent is much ahead of the 20 per cent growth for the entire tech start-up space (B2B, B2C).

When it comes to geographical locations, Bangalore is the top city for B2B tech start-ups, followed by Delhi NCR and Mumbai. They account for 60 per cent of all B2B tech start-ups in the country.

“Presence of huge number of MNCs, access to technology, extensive talent pool, plus a strong presence of incubators and accelerators are key to the consistent start-up growth in Bangalore (800+) whereas top institutes like IIT Delhi and Delhi University have fostered start-ups in various verticals across Delhi and NCR (550+). Mumbai (400+) being the financial hub, is home to the largest fintech start-ups,” the report says.

It adds that Hyderabad, Pune and Chennai account for more than 500 B2B start-ups collectively and are posited as the growing start-up hubs of the country.

Note: The coverage is based on press release picked up by the publication for an industry story.

Blog Source: Business Today

B2B Tech Startups Fueled by Funding and Advanced Technologies, says Netapp-Zinnov Study

B2B Tech Startups Fueled by Funding and Advanced Technologies, says Netapp-Zinnov Study

NetApp, a data management and hybrid cloud firm, in partnership with Zinnov, a global management consulting firm, Tuesday announced the results of their first-of-its-kind study titled, ‘B2B Tech Startup Ecosystem and Role of Corporate Accelerators in India’. The study provides data-driven insights into the growth of B2B tech startups and the upsurge in both funding as well as the corporate accelerator programs in India over the last five years. According to the report, B2B tech startups have more than tripled (from 900 to 3200+) since 2014.

Note: The coverage is based on press release dissemination on the side-lines of NetApp – Zinnov study launch.

Blog Source: ET Tech, ET Rise, The Hindu Business Line, Deccan Chronicle, The Asian Age, Zee Business, Business Insider, BW CIO, Tech Circle, Tech Story, Digital Terminal, Telecom Today, Cell IT, Technology For You, How2Shout, This Week India, Devdiscourse, Business League, Newsjizz

Six Startups Selected for NetApp Excellerator
04/10/2019

A maturity curve marked for NetApp Excellerator by Futuristic Technologies

A maturity curve marked for NetApp Excellerator by Futuristic Technologies

NetApp announced the fourth batch of start-ups chosen for the NetApp Excellerator, the company’s flagship accelerator program. Six start-ups were shortlisted from over 300 applicants, following a rigorous screening process including a bootcamp for the top twelve. The NetApp Excellerator program has mentored 18 start-ups through its last three cohorts and is set to accelerate a new batch of innovative enterprises.

The start-ups that have been selected for the fourth cohort are QuNu Labs, SecurelyShare, Zappy.ai, Ecolibrium Energy, Eder AI and UniQreate. While the core technology for all these start-ups is data driven, they function in the areas of Quantum Security, Analytics, Artificial Intelligence and Cognitive RPA. Following the international reach of the program in the third cohort with two Singapore-based startups, this cohort has a UK-based startup.

Commenting on the launch of the fourth Cohort, Ajeya Motaganahalli, Senior Director, Engineering Programs and Leader of the NetApp Excellerator program, said, “We have been able to influence tangible commercial success in our cohorts so far in terms of customer acquisition, raising venture capital and successful exits. With the fast-paced evolution of the start-up landscape, the selection of our fourth cohort was predominantly governed by our focus on investing in futuristic technologies in data and security. I’m very excited to welcome the gamut of start-ups working on game-changing ideas in quantum computing, AI and cognitive RPA to this four-month journey of disruptive innovation in solutions and processes. We aim to realize the innovation potential of this ecosystem in terms of transformative outcomes.”

The success of the program’s alumni has reaffirmed NetApp’s contribution in promoting the growth of the start-up ecosystem. Adya, an alumnus from NetApp’s first Cohort, recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. LightMetrics, also an alumnus from the first Cohort, secured a new series of funding.

“Our startup accelerator program has been associated with some of the best startups in the B2B space. We have focused on companies that are paving the way towards innovation in the data management space. The market is extremely competitive and through our expert technical and business mentorship, we can help the startups scale their businesses to solve global challenges. We will strive to expose our startups to customers both in India and overseas to take advantage of relevant opportunities,” said Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India, on the company’s vision and the program.

As the four-month program kicks off, each of these start-ups will receive technical and business mentorship and support to develop market ready products and solutions, an equity-free grant of $15,000, access to NetApp’s technologies, a co-working space and HR, legal and tech support. In addition, the start-ups will be given networking opportunities with potential investors, partners, and customers.

NetApp has also formed strategic alliances with select startups from each cohort to co-create solutions and go-to-market with them. FirstHive, Cardiotrack, ZScore, Scalend, BlobCity, SigTuple, and Nanobi are the strategic alliance partners from the previous cohorts.

Source: Eletimes, BIS Infotech

NetApp unveils the fourth batch of start-ups for Excellerator Cohort

NetApp unveils the fourth batch of start-ups for Excellerator Cohort

NetApp has announced the fourth batch of start-ups chosen for the NetApp Excellerator, the company’s flagship accelerator program. Six start-ups are shortlisted from over 300 applicants, following a rigorous screening process including a boot camp for the top twelve. The NetApp Excellerator program has mentored 18 start-ups through its last three cohorts and is set to accelerate a new batch of innovative enterprises.

The start-ups that have been selected for the fourth cohort are QuNu Labs, SecurelyShare, Zappy.ai, Ecolibrium Energy, Eder AI and UniQreate. While the core technology for all these start-ups is data driven, they function in the areas of Quantum Security, Analytics, Artificial Intelligence and Cognitive RPA. Following the international reach of the program in the third cohort with two Singapore-based startups, this cohort has a UK-based startup.

Ajeya Motaganahalli, Senior Director, Engineering Programs and Leader of the NetApp Excellerator program, says,“We have been able to influence tangible commercial success in our cohorts so far in terms of customer acquisition, raising venture capital and successful exits. With the fast-paced evolution of the start-up landscape, the selection of our fourth cohort was predominantly governed by our focus on investing in futuristic technologies in data and security. I’m very excited to welcome the gamut of start-ups working on game-changing ideas in quantum computing, AI and cognitive RPA to this four-month journey of disruptive innovation in solutions and processes. We aim to realize the innovation potential of this ecosystem in terms of transformative outcomes.”

The success of the program’s alumni has reaffirmed NetApp’s contribution in promoting the growth of the start-up ecosystem. Adya, an alumnus from NetApp’s first Cohort, recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. LightMetrics, also an alumnus from the first Cohort, secured a new series of funding.

Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India, says, “Our startup accelerator program has been associated with some of the best startups in the B2B space.We have focused on companies that are paving the way towards innovation in the data management space. The market is extremely competitive and through our expert technical and business mentorship, we can help the startups scale their businesses to solve global challenges. We will strive to expose our startups to customers both in India and overseas to take advantage of relevant opportunities.”

As the four-month program kicks off, each of these start-ups will receive technical and business mentorship and support to develop market ready products and solutions, an equity-free grant of $15,000, access to NetApp’s technologies, a co-working space and HR, legal and tech support. In addition, the start-ups will be given networking opportunities with potential investors, partners, and customers.

NetApp has also formed strategic alliances with select startups from each cohort to co-create solutions and go-to-market with them. FirstHive, Cardiotrack, ZScore, Scalend, BlobCity, SigTuple, and Nanobi are the strategic alliance partners from the previous cohorts.

Source: DQ Channels, VAR India, CRN India

Futuristic Technologies Mark the Maturity Curve for NetApp Excellerator Cohort 4

Futuristic Technologies Mark the Maturity Curve for NetApp Excellerator Cohort 4

NetApp has also formed strategic alliances with select startups from each cohort to co-create solutions and go-to-market with them

NetApp announced the fourth batch of start-ups chosen for the NetApp Excellerator, the company’s flagship accelerator program. Six start-ups were shortlisted from over 300 applicants, following a rigorous screening process including a bootcamp for the top twelve. The NetApp Excellerator program has mentored 18 start-ups through its last three cohorts and is set to accelerate a new batch of innovative enterprises.

Commenting on the launch of the fourth Cohort, Ajeya Motaganahalli, Senior Director, Engineering Programs and Leader of the NetApp Excellerator program, said, “We have been able to influence tangible commercial success in our cohorts so far in terms of customer acquisition, raising venture capital and successful exits. With the fast-paced evolution of the start-up landscape, the selection of our fourth cohort was predominantly governed by our focus on investing in futuristic technologies in data and security. I’m very excited to welcome the gamut of start-ups working on game-changing ideas in quantum computing, AI and cognitive RPA to this four-month journey of disruptive innovation in solutions and processes. We aim to realize the innovation potential of this ecosystem in terms of transformative outcomes.”

The success of the program’s alumni has reaffirmed NetApp’s contribution in promoting the growth of the start-up ecosystem. Adya, an alumnus from NetApp’s first Cohort, recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. LightMetrics, also an alumnus from the first Cohort, secured a new series of funding.

“Our startup accelerator program has been associated with some of the best startups in the B2B space. We have focused on companies that are paving the way towards innovation in the data management space. The market is extremely competitive and through our expert technical and business mentorship, we can help the startups scale their businesses to solve global challenges. We will strive to expose our startups to customers both in India and overseas to take advantage of relevant opportunities,” said Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India, on the company’s vision and the program.

As the four-month program kicks off, each of these start-ups will receive technical and business mentorship and support to develop market ready products and solutions, an equity-free grant of $15,000, access to NetApp’s technologies, a co-working space and HR, legal and tech support. In addition, the start-ups will be given networking opportunities with potential investors, partners, and customers.

NetApp has also formed strategic alliances with select startups from each cohort to co-create solutions and go-to-market with them. FirstHive, Cardiotrack, ZScore, Scalend, BlobCity, SigTuple, and Nanobi are the strategic alliance partners from the previous cohorts.

Source: Dataquest India, IT Voice, This Week India, Gadgets and Innovations

Will AI reshape the Indian Healthcare industry in 2019?
03/22/2019

Will AI reshape the Indian Healthcare industry in 2019?

The emergence of AI in the healthcare experience will augment the sector and will enable all stakeholders in the ecosystem to collaborate and provide real-time solutions

India is battling the ever-perpetual healthcare challenges of affordability and accessibility. While there are talks and many initiatives by the government, like the ambitious Ayushmaan Bharat scheme, the mammoth task of implementation still hovers given the scale of India’s population.

The Current Health Care

To bridge this gap, the current breed of health-tech players has come up with various solutions using technologies such as Artificial Intelligence (AI) and Machine Learning (ML). Even though these piecemeal solutions bring relief to some of the existing challenges in the healthcare system, there is still a lot of ground to cover.

The current healthcare system is heavily dependent on tertiary care providers to deliver the most basic facilities and services. The ecosystem demands one comprehensive technology solution that will help make primary care more accurate and dependable, thereby also reducing the burden on the tertiary care segment.

Indian Ecosystem

The grim doctor to patient ratio adds to the woes of the Indian medical industry. According to a report, by PricewaterhouseCoopers, the healthcare delivery system will require an investment of around USD245 billion by 2034 and will need to pump in around 3.6 million doctors and 6 million nurses in the next 20 years. At present, there are only 1.1 hospital beds, 0.7 doctor and 1.3 nurses per 1,000 people.

To address this, new age companies are using AI to transform healthcare experience and to enable all stakeholders in the healthcare ecosystem to collaborate and provide real-time solutions. The technology infrastructure present has shown some promise and relief, but there remains a broader need for a comprehensive solution that caters to both aspects of the spectrum – patients and care providers.

Benefits of the New Innovation

Healthcare practitioners are recognizing the positive impacts of the use of emerging healthcare tech and are taking a step to adopt advanced technologies to reach more patients at a given time. In fact, some of these organizations are at par even with their Western counterparts. However, this digitization is yet to make its way through the government entities. When you go to the rural ends of the country, technology as a word is not even used in their healthcare operations.

The first step of this advancement is unifying and automating the patient data across hospitals. As a practice, this has already been implemented in advanced sectors such as finance and retail. Healthcare and technology as we see in 2019, are already going hand in hand with wearables generating technology and hospitals digitizing their mode of patient entry. But with petabytes of data being generated every day, albeit, in silos, the challenge is to make sense of this data and use it for improving patient outcomes.

Artificial Intelligence

Slowly, but interestingly –AI is making inroads into the Indian healthcare system and is breaking the silos by using the huge amount of data generated to create digital health records of individuals to provide real-time and targeted mobile health solutions.

New solutions such as ours, which is a virtual AI assistant, are helping hospitals manage their patient interactions and care delivery both pre, in between and post consultations. These solutions help manage and streamline the frontline operations at enterprise scale hospitals and help them improve their profitability. They not only save cost with intelligent interactions but also help doctors and other staff to be more productive while improving the patient experience.

These interactions start from the very first step when patients call the hospital/clinic for the first time and they have to wait for 10 minutes before they can even get through to the receptionist. It is a practice by hospitals to call patients about upcoming appointments that they have booked in advance which they are likely to forget. This is where AI steps in as it supports the non-clinical staff resolve all the queries or concerns the patients have. Scores of such activities are what makes a patient engagement truly worth remembering and the word of mouth generated from this patient experience is what can increase the revenue of the hospital.

India Leading the Revolution

India is one of the key AI services providers in various industries especially e-commerce, analytics services, etc. AI in healthcare is also seen in the form of image processing for lab diagnosis or radiology or skin images processing. But AI driven automation of hospital processes is not seen as such and has immense potential. We see that with digitization in the patient records and the patient data capturing formalizations, there is immense potential in bringing in operational effectiveness.

As a country, India should definitely look at investing in such technologies. And with the start-up ecosystem getting stronger, the future will see new disruptive innovations and experiences driving this change.

Source: Entrepreneur India

Artificial Intelligence: The New Life Jacket of the Healthcare Space

Artificial Intelligence: The New Life Jacket of the Healthcare Space

AI will streamline the decision-making process in the healthcare sector and will also enhance the productivity of the doctors

India has two contrast images when it comes to the healthcare sector. While one faction is able to avail the advancement of technologies in the healthcare space, another faction can at the most only avail the basic healthcare treatments. But this spectrum is altering now. Starting from making the basic healthcare services available to the needy, several innovative technologies are disrupting the space and taking them to an altogether different standard. The private healthcare sector in close association with startups has been seeing the innovation that has amazed everyone and spend the industry up. The feather in the hat that the sector could earn from its tech innovation is the implementation of Artificial Intelligence (AI) to treat patients suffering from Cancer. The distinguished growth in the healthcare space has made many vouches that this will be one of the most promising segments for 2019.

“Over the course of last few years, we have seen a rise in startups in the healthcare sector. Part of the reason could be the ability to innovate in that sector. It is one of the most promising fields for a startup to scale and meet the needs of populous nations like ours,” says Ajeya Motaganahalli, Senior Director, Engineering and Leader of NetApp Excellerator, NetApp shares his outlook about the sector.

He also points out the several diagnostic tests that are getting carried out through the help of AI led startups. There are Machine Learning and analytics, which are helping hospitals achieve the required level of productivity so that they can service patients better.

Prevention is Better than Cure

‘Cancer’ – a word that startles everyone, needs more attention. Considered to be the most fatal of all diseases, the emergence of AI has got the detection of the disease easier and more streamlined than before.
Talking about AI disrupting the space, Vishwas Mudagal, the CEO of Good work Labs, pertaining to his AI works in the healthcare space says, “We are helping companies to determine how to detect cancer. For Cancer detection, you need an algorithm where you are going to predict if someone is going to have cancer or not. Looking at blood samples you can predict whether certain patients will have cancer in the future or not.” He also believes that this will even get better to a point where Deep Learning will even suggest the diagnosis of the disease.

Simplified Process with Minimum Pocket Pinch

Although the process sounds complicated and exorbitant, digitizing healthcare will actually help to make it more affordable and accessible. Adding to this, India has a disparity in the ratio of doctors to patients. Here AI comes to the forefront and helps to reduce the time that a doctor in the traditional treatment model has to offer to a patient, increasing the scope of treating more number of patients in the same timeframe. Thus, a doctor’s productivity enhances.

AI has the power to enhance skills, Dr Geetha Manjunath, CEO, Niramai points out, “Cities have provisions to offer to the sick. But the rural areas are far behind. There are certain villages, where doctors come once in three months. But there are help workers, who know certain medical aspects but need more skills. Here AI can help them with decision-making skills.” Simplifying it further she says that AI will simplify the process to an extent where the help workers will be shown red, yellow and green lights to determine critically sick, lesser unhealthy and perfectly fine individuals respectively.

Source: Entrepreneur India

Qualys Acquires Software Assets of Cloud Application Management Company Adya
02/15/2019

Qualys Acquires Software Assets of Cloud Application Management Company Adya

Acquisition extends the power of the Qualys Cloud Platform to commercial SaaS applications

FOSTER CITY, Calif., Feb. 12, 2019 /PRNewswire/ — Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of cloud-based security and compliance solutions, today announced it has acquired the software assets of Adya, Inc.

The acquisition enables Qualys to provide companies of all sizes with the ability to consolidate administration of their Software as a Service (SaaS) applications into one console, manage license costs across SaaS applications, set and enforce security policies in one place and report and audit on all activity with a single tool.

“Enabling security and compliance audits of SaaS applications is becoming critically important as enterprises increasingly rely on cloud-based software to accelerate their digital transformations,” said Philippe Courtot, chairman and CEO, Qualys, Inc. “Adya has built an impressive solution that addresses this issue by bringing SaaS application administration, licensing, security and compliance into a single-pane view, and delivering comprehensive reports for auditors and stakeholders. We welcome them to the Qualys family.”

“Adya has helped us get visibility into how data from our cloud applications is being shared and what applications are installed by our employees and our partners,” said Saurabh Tandon, COO, Betterplace. “We are excited to see Adya become part of Qualys, and we look forward to its solutions being integrated into a larger platform.”

Adya’s security, compliance and administration capabilities include:

  • • Security and Compliance – Central visibility into data exposure and dangerous apps for all SaaS applications.
  • • Administration – A single console to administer all SaaS apps, limiting access to apps based on role and providing critical administrative functionality.
  • • License Management – A single console to monitor usage of SaaS apps and manage costs by finding and re-allocating dormant licenses.
  • • Auditing and Reporting – Pre-built and custom reports for audit, compliance and other needs.

As with all Qualys acquisitions, key Adya employees have joined Qualys, including co-founders Deepak Balakrishna as Chief Technology Officer, SaaS Security and Amit Agarwal as VP Engineering, SaaS Security.

“Qualys is a pioneer that saw the market move to cloud-based subscription services over 15 years ago,” said Balakrishna. “We are excited to be part of this great company, and to scale the efficiencies of Cloud Application Management by integrating Adya’s solutions into the Qualys Cloud Platform.”

Qualys is working on fully integrating Adya’s solutions with the Qualys Cloud Platform. Qualys currently expects this solution to be commercially available in Q3 2019.

The Qualys Cloud Platform
The Qualys Cloud Platform is a quantum leap in enterprise and cloud security, offering customers a unified view of IT, security and compliance across on- and off-premises assets, endpoints, clouds, containers and web applications, drastically reducing the cost and complexity of managing multiple security vendors.

The Qualys platform delivers nearly 20 fully integrated, centrally managed and self-updating best-of-breed security and compliance solutions. By automatically gathering and analyzing security and compliance data from IT assets anywhere in one single-pane view, the Qualys Cloud Platform gives customers the scalability, visibility, accuracy and breadth of capabilities to fight cyber-attacks and build security into their digital transformation initiatives.

Additional Resources:

About Qualys
Qualys, Inc. (NASDAQ: QLYS) is a pioneer and leading provider of cloud-based security and compliance solutions with over 12,200 customers and active users in more than 130 countries, including a majority of each of the Forbes Global 100 and Fortune 100. Qualys helps organizations streamline and consolidate their security and compliance solutions in a single platform and build security into digital transformation initiatives for greater agility, better business outcomes and substantial cost savings. The Qualys Cloud Platform and its integrated Cloud Apps deliver businesses critical security intelligence continuously, enabling them to automate the full spectrum of auditing, compliance and protection for IT systems and web applications on premises, on endpoints and elastic clouds. Founded in 1999 as one of the first SaaS security companies, Qualys has established strategic partnerships with leading managed service providers and consulting organizations including Accenture, BT, Cognizant Technology Solutions, Deutsche Telekom, DXC Technology, Fujitsu, HCL Technologies, IBM, Infosys, NTT, Optiv, SecureWorks, Tata Communications, Verizon and Wipro. The company is also a founding member of the Cloud Security Alliance. For more information, please visit www.qualys.com.

Qualys and the Qualys logo are proprietary trademarks of Qualys, Inc. All other products or names may be trademarks of their respective companies.

About Adya
Adya is a pioneer in the nascent Cloud Applications Management domain. Adya helps enterprises manage and secure their SaaS applications. To know more, go to https://www.adya.io/

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to: the potential benefits of the acquisition; expectations regarding the ability to add capabilities to Qualys’ current Qualys Cloud Platform and to fully integrate Adya’s solutions into the Qualys Cloud Platform; the ability to scale the efficiencies of Cloud Application Management by integrating Adya’s solutions into the Qualys Cloud Platform; plans to offer a fully integrated solution by Q3 2019; and statements made by Qualys’ CEO. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; the ability of our platform and solutions to perform as intended; the effects of the highly competitive market in which we operate, including competition from much larger technology companies; any inability to successfully develop and introduce new products, features, and services or enhance existing products and services; real or perceived defects, errors or vulnerabilities in our products or services; and general market, political, economic and business conditions in the United States as well as globally. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, filed with the Securities and Exchange Commission on November 5, 2018.

The forward-looking statements in this press release are based on information available to Qualys as of the date hereof, and Qualys disclaims any obligation to update any forward-looking statements, except as required by law.

Source: PR Newswire

Startups Showcase Impact Centric Innovations – January 22nd, 2019
02/05/2019

Startups Showcase Impact Centric Innovations – January 22nd, 2019

Source: The Hindu (Metro Plus)

NetApp Mentors 3rd Startup Cohort – January 19th, 2019

NetApp Mentors 3rd Startup Cohort – January 19th, 2019

Source: The Hindu Business Line (Bangalore and Delhi Edition)

NetApp Graduates Its Third Startup Cohort – January 18th, 2019

NetApp Graduates Its Third Startup Cohort – January 18th, 2019

Source: The Times of India

Companies That Don’t Partner With Startups Will Become Irrelevant, Says John Chambers
02/04/2019

Companies That Don’t Partner With Startups Will Become Irrelevant, Says John Chambers

Around 40 percent of the Fortune 500 companies will become irrelevant or shut down in the next 10 years as they failed to partner with startups to drive innovation, according to John Chambers.

The former Cisco Systems chief executive-turned-venture capitalist said these companies kept doing the “right thing” for too long and have not partnered with startups to get ahead.

“America learnt a long time ago that accelerating these startups will actually enable you to innovate even faster,” he told BloombergQuint in an interview. “Large companies will have to reinvent themselves and partner or acquire smaller companies for the innovation combination. It is a work of art how you do both together.”

A technology-enabled business model, according to Chambers, is important to survive in the world which churns out hundreds of startups each day. “If you don’t get ahead of that, you get left behind and get disrupted very quickly.”

Chambers said a majority of the graduates from the Indian Institutes of Technology, Stanford and the Massachusetts Institute of Technology prefer aligning themselves with startups instead of larger companies since that is where the innovation is going to happen. “The large companies should know that this is a market transition that’s going on and they can’t keep doing things the way they used to,” he said.

But It’s Not Going To Lead To More Jobs

While startups will be the job creators for the next decade, the large companies in India, Europe and the U.S. will not expand their headcount because artificial intelligence and automation will probably decrease it, said Chambers, adding that Indians must understand startups don’t add dramatic headcount until they get to the third or fourth fundraising round.

John Chambers, however, lauded Prime Minister Narendra Modi’s efforts with respect to the ease of doing business, changes in the bankruptcy code and for getting the “startup engine” going in the country.

Click Here to Watch the interview

Source: BloombergQuint