LimeChat was founded in 2020 amid a pandemic-induced surge in adoption of e-commerce in India. The chatbot offers conversational experiences to customers on platforms including WhatsApp and Facebook Messenger.
With the Covid tailwinds, is AI at its second inflection point
In the past six months, the world as we know it has been upended. While the jury is out on how it the Covid-19 pandemic will end and what aspects of life will change forever, there are a few things we know for certain that are going to be different in the new world we are heading into.
AI is becoming the big disruptive force across industries
In mid-2016, Manish Singhal and Umakant Soni, both entrepreneurs in previous avatars, set up pi Ventures to invest in early-stage startups that use Artificial Intelligence (AI), machine learning (ML) and the Internet of Things (IoT) to solve problems across a range of sectors.
Today SigTuple, which uses computer vision and artificial intelligence for diagnosis, announced series A funding of US$5.8 million. This is the largest investment in a healthcare AI startup out of India. It will help SigTuple scale up and go global.
Accel Partners led the round. Other investors include IDG Ventures India, pi Ventures, Axilor Ventures, and Endiya Partners. Solid backing for the Bangalore-based startup from marquee investors signals the arrival of Indian AI on the world stage.
Artificial intelligence is getting a lot of attention these days from startups and investors alike. Since pi Ventures is a fund focused on supporting applied AI companies, we meet quite a few entrepreneurs every week who are building companies in the field. Interacting with these startups has been a very enlightening journey for us. Here are some lessons which may be useful for folks wanting to venture out into AI.