5 Top Artificial Intelligence Companies in India Making Waves in 2021
Artificial Intelligence (AI) is rapidly transforming the world, with its comprehensive application across various sectors. In India, AI has been embraced, adopted and integrated into diverse processes by numerous companies. From chatbots to neural language processing, Indian AI companies are leveraging technology to build innovative products and solutions.
In this blog, let’s take a look at the top 5 Artificial Intelligence companies in India making waves in 2021.
1. Artivatic.ai
Artivatic is an AI platform that provides solutions in health, insurance and finance sectors. The startup leverages AI, ML, deep learning and big data analytics to provide personalized insights, automate processes and build personalized recommendations. The platform helps insurance companies predict risks and frauds, while also assisting in fast claim settlements. Artivatic’s AI solutions have been adopted by several leading companies and has raised $5.15 million (approx.) in funding.
2. Haptik.ai
Haptik is a leading conversational assistant platform that has integrated AI and Natural Language Processing (NLP) to automate customer support and service operations. Haptik’s chatbots can converse like humans and handle complex queries in real-time. The company has served several leading enterprises in banking and finance, e-commerce, and entertainment sectors. Acquired by Reliance Jio in April 2019, Haptik has raised $30 million in funding.
3. Mad Street Den
Mad Street Den is an AI platform for retail that provides AI-based solutions for customer experience and personalization. Its flagship product, Vue.ai uses AI, image processing, and computer vision to analyze and recommend fashion styles. Mad Street Den focuses on solving problems of the retail industry, such as inventory management, visual merchandising, and product recommendations. The company has been named among the World’s Top 5 AI startups by CB Insights and has raised $27.2 million (approx.) in funding.
4. Niki.ai
Niki is an AI-based chatbot application that provides end-to-end services for ordering products and services. With machine learning algorithms, Niki’s chatbot can converse with customers in a personalized manner, understand preferences, and recommend products. In collaboration with leading brands in the food, travel and entertainment sectors, Niki has already sold over 2 million products through its platform. Niki.ai has raised $24.5 million in funding.
5. Wadhwani AI
Wadhwani AI is a not-for-profit research institute that focuses on creating AI solutions to solve social problems in healthcare, education and agriculture. The institute collaborates with researchers, startups, and NGOs to develop AI-enabled solutions that benefit society. Wadhwani AI’s initiatives include augmented eye screening, precision agriculture, and healthcare services for the visually impaired.
In conclusion, India’s AI landscape is rapidly evolving, with startups and established companies investing in AI-based solutions to solve problems and create value. The aforementioned top 5 AI companies in India are innovatively leveraging technology to make waves in 2021, and it will be interesting to see how they evolve and transform their sectors.
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