NetApp (NASDAQ: NTAP), the chief in cloud information providers, immediately held its sixth demo day for the NetApp Excellerator, the corporate’s flagship startup accelerator program. Embracing a brand new digital world, the demo day was held by way of video with the six collaborating startups and company from throughout the globe. With the sixth cohort graduating, 35 startups are actually a part of this distinctive startup accelerator program that’s centered on cloud and information associated applied sciences.
NetApp responded to the COVID lockdown with a fast transition to a web based curriculum and chosen six deep tech startups, Aikaan Labs, Cyborgintell, IQLECT, Koinearth, Kubesafe, and Myelin Foundry, for the sixth cohort, just about.
Through a four-month distant networking and mentoring interval, these startups strengthened their enterprise throughout a world disaster scenario. Inspired by this chance, they even contributed to discovering options in navigating this robust time. For occasion, Myelin Foundry, a deep tech AI start-up that develops AI algorithms on video, voice, and sensor information for edge units, is revolutionising the video streaming house, which is seeing an enormous uptake through the pandemic. Similarly, AiKaan Labs, a startup that gives a deep view into edge computing and IoT units, helps speed up digital adoption.
During the demo day attended by traders and the tech business, the six startups displayed various AI, ML and Blockchain primarily based modern options starting from predictive analytics, edge computing, and built-in provide chain administration, to cloud-native software safety utilizing Kubernetes. A cohort 5 startup, Curl Analytics, additionally launched a white paper with NetApp. The whitepaper focuses on an built-in answer to enhance the effectivity of AI processes, leading to efficiencies and value financial savings. This whitepaper is a results of the sponsored Proof-of-Concept (POC) that NetApp supplied Curl Analytics as a part of this system.
Attesting to the worth that the NetApp Excellerator brings to the startups, says Praphul Chandra, Founder, Koinearth, “On the tech side, we are strengthening our SaaS offering further, thanks to the cloud security expertise that NetApp shared with us. The interactions with business leaders have also helped sharpen our offering and positioning in the supply chain space.”
“This is a unique experience for all of us. The sixth cohort startups have gained real-world crisis-leadership experience”, mentioned Madhurima Agarwal, chief, NetApp Excellerator. “We’ve enjoyed tremendous success with all our cohorts so far including this one. After graduating, over 70% of the startups have secured follow-on funding and three alumni have had successful exits. Another important aspect is that we enable startups to anticipate customer needs and validate value propositions through paid Proof-of-Concepts.”
Ravi Chhabria, Managing Director, NetApp India, added, “Our legacy and expertise in cloud and data management present an opportunity to drive impact in the startup community. Innovation is key to creating newer, more relevant solutions and sustain business operations that can stand up to a crisis. Accelerating these B2B tech startups, the new faces of rapid digital transformation, is vital in creating a strong business ecosystem. Mentoring them and collaborating with them is a step towards leveraging our combined technology muscle in solving novel customer challenges in this new normal.”
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