5 Most Successful Startups backed by nasscom’s Gen AI Foundry Program

Nasscom's Generative AI Foundry program is nurturing some of India's most promising AI startups, catalyzing their growth and innovation. Here are five detailed success stories showcasing their innovative solutions and remarkable journeys.

UnitedWeCare

UnitedWeCare is tackling the global mental health crisis head-on, addressing the projected $16 trillion cost to the world economy by 2030 due to mental health issues. Their flagship product, Stella, is a psychological first aid companion available 24/7 in 29 languages which is designed to offer pre-clinical and sub-clinical support. UnitedWeCare has also developed the first vertical Large Language Model for mental health, achieving 23 world records in Natural Language Inference (NLI), including a 94.7 FI score in SNLI. Their comprehensive 360° mental health product integrates screening, clinical management, self-management, and relapse management tools, providing a holistic approach to mental health. Clinicians benefit from a clinical co-pilot system that enhances efficiency by handling administrative tasks. Since its inception in 2020, UnitedWeCare has expanded its operations across the US, India, and Australia, partnering with Medicare and Medicaid to improve mental health support accessibility.

Beatoven.ai

Beatoven.ai is a platform that addresses the challenges content creators face in generating background scores. Founded by musicians Mansoor and Siddharth, Beatoven.ai leverages AI to create music from genre and emotion inputs, evolving to include text, video, and audio prompts. Despite a tough funding climate in 2023, they secured USD 1.3 million in pre-seed funding and have garnered a user base of over one million creators, producing two million tracks. The nasscom GenAI Foundry program has been instrumental in their growth by providing mentorship and networking opportunities that have fueled their innovation and commitment to ethically sourced data. 

GoCodeo

GoCodeo is revolutionizing software testing by addressing the high cost and frequency of post-production bugs. Their AI agent enables early testing using an ensemble of Large Language Models (LLMs) for unit, integration, regression, and penetration testing, seamlessly integrating with developer workflows. Since its inception, GoCodeo has grown to serve 16,000 developers and 150 companies globally. Nasscom's support has been crucial, offering expert meetups, market preparation, and investor connections that have propelled GoCodeo's growth and success.

Zocket.ai

Zocket.ai is transforming social media advertising by addressing inefficiencies and high costs. Their Generative AI platform crafts ad copies and targets audiences, with deep API integrations for seamless ad launches and optimization. Their in-house AI Optimizer provides real-time campaign adjustments, reducing ad spend wastage by 90% and doubling Return on Ad Spend (ROAS). Trusted by over 1,000 brands and agencies across 25+ countries, Zocket.ai's growth has been significantly supported by the nasscom GenAI Foundry program, which provided key introductions and technical sessions to enhance their back-end architecture and fuel innovation.

Portkey AI

Portkey AI was founded to revolutionize AI operations with a comprehensive AI Control Panel that provides observability, security, output quality, control management, and AI governance. Despite initial slow adoption, Portkey AI now manages over 400 production deployments, including several Fortune 500 customers. The nasscom GenAI Foundry program has provided invaluable mentorship and industry connections, enabling Portkey AI to refine its product and strategy, attract potential clients, and navigate the rapidly evolving AI industry.

Nasscom Generative AI Foundry: Catalyzing AI Innovation in India

"Spanning 12 months, the Generative AI Foundry program is designed to provide startups with the resources and guidance they need to thrive in the competitive AI landscape. During the initial 6 months, startups will engage in intensive boot camps and active mentoring sessions conducted by industry experts and investor mentors. They will gain access to cutting-edge technology stacks and GPU compute nodes, enabling them to accelerate their AI projects. Industry partners will also provide use cases and opportunities for paid Proof of Concepts (PoCs), giving startups a chance to apply their innovations to real-world challenges. The nasscom Generative AI Foundry program is poised to fuel the growth and success of these startups, positioning India as a leading hub for AI innovation.

The aim is to support these startups in developing products for global markets through partnerships with government entities, major corporations, and venture capital community. Generative AI (GenAI) is at the forefront of the next wave of digital transformation, and the nasscom GenAI Foundry serves as a crucial platform facilitating this transition.

We will soon be coming up with phase 2 of the program", commented Ankit Bose, Head of AI, nasscom.

Conclusion

Nasscom’s Generative AI Foundry program has been instrumental in the growth and success of these startups by providing essential resources, mentorship, and industry connections. nasscom is helping these companies to lead their way in AI innovation, and positioning India as a global AI powerhouse.