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Building AI for next 6bn

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    Building AI for next 6bn

    • HOME
    • Vision
    • Portfolio
    • Portfolio
    • How do we help
    • Team
    • Blog
    • Partners
    • Partner
    • Talk to us
    • …  
      • HOME
      • Vision
      • Portfolio
      • Portfolio
      • How do we help
      • Team
      • Blog
      • Partners
      • Partner
      • Talk to us
      • HOME
      • Vision
      • Portfolio
      • Portfolio
      • How do we help
      • Team
      • Blog
      • Partners
      • Partner
      • Talk to us
      • Powered By
        Strikingly
        • Building AI for next 6bn

          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 might work in Silicon Valley. The AI talent, 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.

        • AI-driven finance for gig workers

          KarmaLife is mobile platform for gig workers' financial needs. Post Covid19, gig working is becoming mainstream, but current financial systems are built with traditional employment channels with physical asset driven risk modelling. We are leveraging AI driven KarmaScore(based on financial, work, social and personal data collected through mobile sensors with privacy safeguards) to develop a digitally connected partner ecosystem for ‘gig workers’ — comprised of employers, merchant vendors, financial institutions, and solution providers, and establish a subscription-based business model. It is 100% digital operating model for the delivery of financial services, like credit, insurance, savings & investments, that is on-demand, personalized, modular, affordable and flexible.

           

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        • What are we building now?

          NextMaps

          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.

          Amruit

          Data driven precision medicine

          AI is creating a new revolution in healthcare and pharma by personalization at scale. By combining genomic data, sensor data, the traditional knowledge systems with longitudinal datasets, with a whole mind-body approach, we aim to drive a completely different approach to create the next generation of precision medicine system.

          FASTCODE.AI

          Computer Vision for large companies

          A computer vision research consultancy powering the world's largest companies to interface with the visual world

          ARTPARK

          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.

          Corpsave.ai

          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.

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          How do we help?

          We bring data, talent, domain and research apart from the capital to help you create the leapfrog AI venture all the way from Idea to scale.

           

          1. Ideate & Research​ : We work with leading entrepreneurs, universities or partners/govt. to trigger potentially leapfrog ideas in the chosen sectors. We work deeply with them to bring validated AI research to a level where it can be prototyped.

           

          2. Prototype : We help prototype the research to create a product with our resources and network of EIRs (Entrepreneurs in Residence) and TIRs (Technologists in Residence). We provide capital and infra support for product design, development and distribution.

           
          3. Product to market : Once the idea reaches the product market fit, we help launch it as a company along with entrepreneurs in residence, the team & strategic investors/VCs. We continue to work closely with the company post the launch as cofounders.
           
          4. Scale : We help the company scale by providing capital, data sets, cutting edge AI research talent, partner network and IP access, in the growth and scale stage.
           
          This way we aim to grow a cluster of 10-12 AI companies for next 6bn users over this AI decade.

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        • Our Team

          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

          Umakant Soni

          Co-founder, CEO

          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 Banerjee

          Co-founder, COO

          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.

          Pulkit Agrawal

          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.

          Neeraj Gupta

          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

          Pioneer

          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

          Pioneer

          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.

          Dr. Lalitesh Katragadda

          Pioneer

          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

          Pioneer

          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 Malick

          Pioneer

          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. .

          Navin Buddha

          Pioneer

          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.

           

          Shabaz Ahmad

          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.

          Niharika Venkatesh

          Innovation & Strategy

          NIharika has worked across different areas ranging from impact via Bill and Melinda gates foundation to Startups (Aasan Jobs). Niharika is a certified coach and interested in exploring mental health issues. She is an alumnus of IIT K and also a trained Bharatnatyam dancer.

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          We are collaborative partners

          We are creating an "idea to impact innovation engine" globally to help solve large problems with AI, specially looking at developing world. For that we need to bring together global universities, AI research parks and labs, Global VCs, Investors and AI ecosystem together.

          I want to partner
        • Partners

          Indian Institute of Science

          ARTPARK

          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

          TIH

          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.

        • Want to build or help us build:), Talk to us

          We are keen to learn from others and also share what we know

        Contact Us

        First floor, Indiqube Orion, 24th Main Rd, Garden Layout, Sector 2, HSR Layout, Bengaluru, Karnataka 560102

         

        Google maps link : AIfoundry

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