Artificial Intelligence will completely redefine our society and businesses, adding $16 tn of new economic value globally by 2035. Companies with AI at their core will be the dominant companies for tomorrow. Tomorrow's car company is going to be an autonomous car company... Tomorrow's hospitals may not look like the ones today. Further, AI driven cars built in Silicon Valley will not work in India, given a very different environment. However autonomous cars built in India can work in Silicon Valley. The data diversity and magnitude (Aadhaar, the unique ID platform by Govt. of India has 1.24billion people enrolled) that countries like India offer, make them the best place to build robust AI - AI that will work everywhere, is ethical and that will be good for humanity too. We call it AI for next 6 billion people.
AI foundry is the venture studio to build leapfrog AI companies for 6bn people. We partner with great entrepreneurs and AI rockstars to build these next generation AI companies.
What are we building now?
Maps for the connected world
We are building high definition maps that are critical for human mobility and autonomous mobility. Actually maps are the new browser. Just like browser spurred the innovation of e-commerce, open maps will span next generation of businesses by fusing the physical world with the digital world.
Data driven drug discovery
AI is creating a new revolution in data driven drug discovery, making it cheaper and faster. By combining traditional knowledge system with longitudinal data, whole mind body approach, we aim to drive a completely different approach to create the next generation of Pharma.
AI driven finance for companies
Major challenge in smaller size companies is the critical challenge of predicting and managing cashflows. By applying deep understanding of current and future predicted cashflows by leveraging AI we believe we can create the digital trust scores to enable easy flow of credit to these companies.
AI & Robotics Technology Park
ARTPARK (AI & Robotics Technology Park) is a joint initiative of Indian Institute of Science & AI Foundry, set up as a section 8 company (Not for Profit) with seed grant from Department of Science and technology (Govt. of India). It is set up as the premier research translation park with a global collaborative ecosystem.
We like to roll up our sleeves and help our entrepreneurs in building AI technology, products, strategy, raising money, business development & anything else that is there on their minds
Before co-founding AI foundry, Umakant co-founded piVentures, a $35m early stage fund for AI (India’s first & only AI focused fund), investing in leading AI companies in India (Sigtuple, Niramai, Ten3THealth, Zenatix, Locus.sh & others). He has spent more than 10 years in AI space (Founded India’s first AI bot startup in '09) as an entrepreneur, strategy thinker and investor in enterprise, healthcare & logistics. He is an advisor to Govt. of India in AI policy and research ecosystem creation. Ex-Director India for Science Inc., he spent time in strategy and innovation roles at Wipro Ltd., one of the leading IT Services companies. IIT Kanpur Alum. Abstract painter in his spare time.
Subhashis is an entrepreneur and investment banker and has previously worked for Standard Chartered Bank Real Estate Private Equity Fund, Tata Housing Development Company, Sequoia Capital, Tishman Speyer Private Equity Fund. He has worked and lived in most major cities of India and understands the real estate dynamics of those cities well. The list includes Mumbai, Bangalore, NCR, Chennai, Hyderabad, and Kolkata. He has been deeply involved in deals for both the residential market and office market as an investment banker and advised companies in domains like AI, financial sector, travel & logistics, defence apart from real estate. An alumnus of IIT Kanpur and IIM Calcutta.
Co-founder, Chief Scientific Advisor
Pulkit is an academic and an entrepreneur focused on working in common sense AI, one of the next big evolutions in AI. He is Asst. Professor at MIT CSAIL & Co-founder of SafelyYou Inc, which is applying computer vision to prevent falls in elder care homes. His research focuses on curiosity driven machines & common sense problem in Robots. He has a PhD from BAIR (Berkeley AI Research) and Bachelors from IIT Kanpur. He was awarded the Director’s Gold Medal for best all round achievement and leadership at IIT Kanpur and is excited by the quest for singularity. He is also an accomplished musician.
Co-founder, IP & AI Global Ecosystem
Neeraj Gupta was one of the early contributors to Torch, the deep learning framework, back in the days when neural nets used to work only on super-compute. He founded FormulateIP, based in India and Canada with focus on helping AI businesses using IP protection, licensing and strategic planning. He also co-founded Excubator, one of the leading startup incubators in Bangalore. He is the Governing Council Member at IIT Alumni Centre Bengaluru, IITACB. Masters in Mathematics from KTH, Stockholm with a Minor in Machine Learning. Alumnus of IIT Roorkee.
Rohit Rathi shouldered the responsibility of technology and product development for Smartron, one of the most innovative mobile phone companies out of India. He spearheaded advanced R&D, innovation and IP creation in the areas of smart, sensors, robotics, artificial intelligence, cloud and big data technologies. In the past, he has been Founder-Director and CTO of Notion Ink and pioneered the effort to make the country’s first tablet device. Prior to that, he worked with Xilinx-India in 2008-2009. Mr. Rathi is an IIT Kharagpur graduate and likes to think about design deeply.
Dr. Vijay Chandru
Vijay Chandru is an academic entrepreneur having spent nearly 40 years as an academician. After completeing his PhD from MIT he has been a tenured professor at Purdue University for a decade in the 1980s and the Indian Institute of Science in Bangalore since then. A fellow of both the academy of science and engineering, he is currently an Indian National Academy of Engineering's Distinguished Technologist in Bio-Engineering at IISc. He co-founded Strand Life Sciences, India’s leading precision medicine solutions company, an offshoot of IISc in 2000 & served as Executive Chairman till 2018. Vijay is also co-founder of OPFORD Foundation, a non-profit in India with an open platform for orphan diseases and with a mission to support the development of affordable and accessible therapeutics for orphan diseases of which many are rare genetic disorders.
Abhishek is passionate about bringing cutting edge innovations in AI and Tech to Emerging Businesses in India. He is a serial entrepreneur and a thought leader in global tech sector with several international publications (including a book published by the World Bank). He had a successful exit in his last computer vision startup. Prior to his entrepreneurship journey, he spent over 1.5 decade in global Investments and M&A across several IBanks and MNCs including Deutsche Bank, Morgan Stanley and Amazon. He closed over 25 M&A and investment transactions worth over US$13 bn. He is also engaged as a scout/mentor with a top global VC fund wherein he invests in and mentors select high growth startups. He is an alumni of IIT Kanpur and ISB Hyderabad.
Dr. Lalitesh Katragadda
Dr. Lalitesh Katragadda is a pioneer in crowdsourcing. His creation, Google Map Maker, quadrupled the world's digital maps corpus, bringing maps to 4 billion in 187 countries that had no maps before. His startup was Google’s first acquisition in 2002 after which he co-founded Google India, acting as Country Head, Google India Products until 2014. He now builds population scale platforms for India's Billion including Avanti for financial inclusion and Indihood, crowdsourcing for communities and core development challenges. Lalitesh received his Ph.D. and MS from CMU in Robotics and Computer Science, where he led the CMU Lunar Rover Initiative. He holds an MS, Design Division, Stanford, MS, Aerospace, Iowa State and B-Tech, IIT-Bombay.
Dr. Arjun Jain
Dr. Jain is the co-founder of Perceptive Code, a Silicon Valley AI startup that builds intelligence into automobiles using Deep Learning. He is part of the Theano development team and a contributor to Torch - both of which are widely used libraries for Deep Learning. Dr. Jain received his Ph.D. from the Max Planck Institute in Germany and his post-doc from NYU where he worked with Yann LeCun.
Badal has worked for 20 years in India and the US and has extensive experience in financial services, technology, innovation and business transformation having worked with Fortune 500 companies and Governments, public-private partnerships, and large-scale innovation programs. Previously, he was Founding CEO at Catalyst, a USAID and Ministry of Finance sponsored program. He has advised the National Payments Corporation of India. He has also worked as VP at SnapDeal, Group Product Manager at Intuit, Senior Engagement Manager at McKinsey & Co., and Economist at the World Bank. Badal holds an MBA from the Yale School of Management, a Masters of Science in Economics from the University of Wisconsin, and a BA in Physics & Economics from Brandeis University. He is a 2019 Chevening Financial Services Fellow recognized by the UK Government. .
Naveen Budda has created AI labs at Smartron under the tronX platform, one of the most innovative mobile phone companies out of India. His expertise in the area of Computer Vision , Mobile Security and Data Science.Has 10 patents in different areas. Worked at Samsung R&D, Celstream, Sasken.
Mobile Engineering Lead
Winner of 37 hackathons, he is a competitive coder and loves to build. He is one of the key people helping building Karmalife.ai. He has a deep understanding of Android ecosystem. Before AIfoundry, Shabaz was at Microsoft, where he developed a visit and transit detection system (similar to google timeline) on android using motion detection from scratch and got a patent for the same. Before this he was EIR at Science- India where he built Simply, a prepaid balance tracking app, which also gives usage analytics and help you choose a better recharge plan based on your usage pattern. He is a fitness buff and a foodie.
Innovation & Strategy
NIharika has worked across different areas ranging from impact via Bilinda and Gates foundation to Startups (Aasan Jobs). Niharika is a certified coach and interested in exploring mental health issues. She is alumnus of IIT K and also a trained Bharatnatyam dancer.
Indian Institute of Science
QS World University rankings ranked IISc second in the world in terms of citations per faculty. With more 2000+ PhD students it is one of the leading universities in India and Asia too.
Indian Institute of Technology, Jodhpur
IIT Jodhpur, one the leading academic institution is developing a research park focused on Computer vision, Augmented Reality and Virtual reality to enable rapid research translation.
Sweden India Business Council
Sweden-India Innovation Bridge
Sweden-India Business Council is one the world’s most active country to country networks. are the secretariat on the Swedish side for the India Sweden Business Leaders' Roundtable under the Indian Prime Minister Narendra Modi CEO forums.
First floor, Indiqube Orion, 24th Main Rd, Garden Layout, Sector 2, HSR Layout, Bengaluru, Karnataka 560102