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Success Stories and Case Studies

Top 4 AI Startups Transforming Industries

Skit.ai is a pioneering voice AI startup that is revolutionizing customer service. Founded in 2016 by Akshay Deshraj and Manoj Sarda, Skit.ai aims to modernize contact centers and enhance the customer experience using artificial intelligence and natural language processing.

Skit.ai’s flagship product is VIVA, a voice AI platform that transforms audio calls into text and responds with human-like conversations across 160 Indian dialects. VIVA handles a wide range of queries, from booking appointments to checking order status, resolving complaints, providing information, and more — all while integrating seamlessly with businesses’ existing CRM systems and third-party applications.

Saurabh Gupta
(Image source: LinkedIn)

Skit.ai claims that VIVA is able to reduce call handling time by up to 80%, increase customer satisfaction by 50%, and lower operational costs by 60%. Some of the companies utilizing VIVA include Axis Bank, Barbeque Nation, Porter, and Rebel Foods.

While Skit.ai started in India, the startup is now expanding its reach globally. Skit.ai recently raised $5.1 million in a Series A funding round to scale its product offerings, enhance research and development, and enter new markets such as Southeast Asia and the Middle East.

Skit.ai’s mission is to eliminate poor experiences with contact centers and empower businesses with augmented voice intelligence. The startup believes that voice will be the future of communication and interaction, and it is determined to make voice AI accessible and affordable for all.

By leveraging AI and natural language processing, Skit.ai is modernizing contact centers, improving experiences, converting calls to text, enabling natural voice conversations, handling queries across channels and languages, reducing costs,

boosting satisfaction, and expanding its global footprint. Skit.ai is paving the way for innovative augmented intelligence and transforming how people interact with businesses through voice.

With a solution that streamlines contact centers while personalizing service, Skit.ai is reimaging customer experiences for the voice-first era. The startup is building

the future of voice AI and interactions, making it easier and more powerful for businesses and people to connect in new ways. Skit.ai is revolutionizing customer service and redesigning voice’s possibilities.

Road safety is a pressing issue that affects individuals and society as a whole. According to the World Health Organization, over 1.3 million people lose their lives every year on roads while millions more suffer injuries or become disabled. How can we prevent these tragic incidents and build a safer transportation system?

Avneesh Agrawal (Image source: LinkedIn)

NetraDyne, an innovative AI startup based in Bangalore, aims to solve this problem through cutting-edge technology and data-driven insights. The company was founded in 2015 by Avneesh Agrawal, a former Qualcomm executive with over a decade of experience in the role. He identified an opportunity to leverage artificial intelligence, machine learning, and edge computing to reduce road accidents and improve driving standards.

NetraDyne’s flagship product is DriveriTM, a smart camera and scoring system that helps fleet managers monitor how drivers operate vehicles. The camera captures and analyzes the surroundings including traffic signals, speed limits, pedestrians, other cars, and weather conditions. The scoring system then provides personalized feedback and rewards drivers for good habits and safe practices. In this way, DriveriTM encourages drivers to be more alert, cautious, and responsible on the road.

DriveriTM is far more than a camera. It contains multiple sensors like cameras, LTE, GPS, accelerometer, gyroscope, and an advanced NVIDIA processor that can perform one trillion calculations per second. This enables DriveriTM to perform edge computing, analyzing data locally instead of sending it to the cloud. As a result, DriveriTM offers faster, more reliable, and more secure solutions than other products.

NetraDyne has accumulated and examined substantial data from customers’ vehicles. So far, the company has processed over 15 billion minutes of driving data, 5 billion miles of distance traveled, and 600 million violation alerts. This data helps NetraDyne strengthen AI models and deliver greater value to customers. NetraDyne has also achieved impressive year-over-year revenue growth of $100 million.

NetraDyne recently raised $150 million in funding from investors including SoftBank. The company aims to expand its global presence, especially in India and other markets. NetraDyne believes its solution can help Indian drivers navigate challenges like traffic congestion, poor road infrastructure, and diverse driving cultures.

NetraDyne’s vision is to make roads safer for all through sophisticated technologies. The company believes voice will shape the future of communication and interaction, and it aims to provide accessible and affordable voice AI solutions for everyone.

In summary, NetraDyne is pioneering the use of AI and data-driven insights to improve road safety and promote good driving practices. By monitoring drivers, analyzing large amounts of data, enhancing intelligent models, providing personalized feedback, and incentivizing safe behavior, NetraDyne is working to prevent accidents, save lives, and build smarter transportation systems using innovative and advanced technologies.

InstaDeep is a British AI startup that was recently acquired by BioNTech, the German biotech company behind the Pfizer COVID-19 vaccine, for up to 562 million pounds ($682 million). InstaDeep uses artificial intelligence to discover new drugs and therapies for diseases like cancer and infectious illnesses. InstaDeep’s technology complements BioNTech’s mission to create next-generation immunotherapies and vaccines leveraging cutting-edge science and digital tools.

Karim Beguir Co founder (Image source: LinkedIn)

InstaDeep was founded in 2014 by Karim Beguir and Zohra Slimani, two Tunisian entrepreneurs aiming to build AI products for businesses. The startup is based in London with offices in Paris, Tunis, Lagos, Dubai and Cape Town, employing 240 people. InstaDeep specializes in machine learning, a branch of AI enabling computers to learn from data and make predictions or decisions. InstaDeep also develops DeepChainTM, a cloud platform allowing researchers to design and optimize proteins using AI.

InstaDeep collaborated with BioNTech since 2020, forming an AI Innovation Lab to pursue joint projects. One created an early warning system predicting future SARS CoV-2 variants, the COVID-19 cause. Another improved BioNTech’s algorithm selecting tumour parts targeting the most effective therapy.

BioNTech acquired InstaDeep in January 2023 after investing in its Series B funding round. The acquisition is BioNTech’s largest and first AI deal, enabling fully integrated, enterprise-wide AI and ML across platforms and operations.

Uğur Şahin, BioNTech’s CEO, said integrating rapidly advancing AI into technologies, research, drug discovery, manufacturing and deployment. BioNTech aims becoming a technology company seamlessly embedding AI in all work.

Karim Beguir, InstaDeep’s CEO and co-founder, shares BioNTech’s deep tech innovation and human impact focus. He’s excited joining forces and contributing to BioNTech’s vision creating a new medical era.

InstaDeep will operate globally from London as a BioNTech company after closing, expected mid-2023 pending approval. InstaDeep continues work on existing BioNTech and partner projects, exploring new AI application areas in biotech.

In summary, InstaDeep pioneered AI for drug discovery, targeting diseases like cancer and COVID-19. The British startup partnered BioNTech, the company behind the Pfizer vaccine, to create an AI Innovation Lab. Projects included an early warning system for SARS-CoV-2 variants and improving BioNTech’s algorithm selecting tumour targets. BioNTech acquired InstaDeep, aiming to fully integrate AI across platforms and operations. The deal enables seamlessly embedding AI in research, drug discovery, manufacturing, deployment and technologies. InstaDeep contributes to BioNTech’s vision creating a new medical era with deep tech innovation and human impact focus. InstaDeep continues work with BioNTech and partners, exploring AI applications in biotechnology. The acquisition establishes BioNTech’s first AI integration and largest deal, advancing next-generation immunotherapies leveraging cutting-edge science and digital transformation.

DeepL is a German AI startup providing fast and accurate translations for 26 languages. DeepL uses neural networks, AI mimicking the human brain, to translate texts and speech with natural and fluent results. DeepL has received widespread praise as the world’s best translation service, surpassing Google Translate and other competitors.

Jaroslaw (Jarek) Kutylowski CEO and Founder at DeepL (Image source: LinkedIn)

DeepL was founded in 2017 by Gereon Frahling, a former Google employee previously creating Linguee, a popular online dictionary and search engine for translations. Frahling wanted a translation service understanding meaning and context, producing high-quality translations sounding natural. He chose deep learning, AI learning from large data and improving over time.

DeepL’s translation system uses artificial neural networks trained on billions sentences from sources like books, newspapers, websites and subtitles. Neural networks learn translating words, phrases and sentences between languages by finding patterns and similarities. They adapt different styles, tones, domains like formal, informal, technical or creative.

DeepL’s system uses a custom supercomputer 5.1 quadrillion operations per second, allowing fast, reliable translations. It is in Iceland using renewable energy from geothermal and hydroelectric sources.

DeepL launched in August 2017 with seven languages: English, German, French, Spanish, Italian, Dutch and Polish. Since, DeepL added 19 languages: Bulgarian, Chinese (simplified), Czech, Danish, Estonian, Finnish, Greek, Hungarian, Indonesian, Japanese, Latvian, Lithuanian, Portuguese, Romanian, Russian, Slovak, Slovenian, Swedish and Turkish. DeepL offers a free online translator and DeepL Pro, paid subscriptions with more features like unlimited translations, enhanced data security, offline mode, API access and document translation.

DeepL received acclaim and recognition for translation quality and innovation. In 2018, DeepL outperformed Google Translate in a DW News blind test. In 2020, DeepL won the European Innovation Award for AI. In 2021,

DeepL raised $100 million in a Series A led by Benchmark and Tiger Global. Funding will expand the team, develop new products/features and enter new markets.

DeepL’s vision makes communication across languages easier and more natural for everyone. The startup believes AI helps bridge language barriers dividing people/cultures. DeepL’s motto is “Translate better with DeepL”.

In summary, DeepL pioneered neural network-based machine translation, receiving widespread praise as the world’s best translation service. Founded by a former Google employee, DeepL aims high-quality, fluent translations. DeepL translates 26 languages, offering free online and paid Pro subscriptions with more features. DeepL uses a custom supercomputer and renewable energy to provide fast, reliable translations.

DeepL continues expanding languages, developing new products/features and entering markets with funding. DeepL’s vision makes communication easier across languages, believing AI helps people/cultures by bridging divisions. DeepL aims “Translate better with DeepL”, receiving acclaim for translation quality/innovation, outperforming Google Translate and winning innovation awards. DeepL is set to make cross-language communication more natural, bridging barriers through AI and fulfilling its goal of “Translate better with DeepL”.

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