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