Bangalore, July 25, 2019: Leader in data management and hybrid cloud, NetApp, has announced the graduation of NetApp Excellerator’s fourth cohort at a demo day event.
NetApp Excellerator is the company’s flagship startup accelerator programme. As part of the demo day, six technology startups – QuNu Labs, SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI and UniQreate, showcased their business models, market opportunity and projections to an eminent panel comprising of venture capitalists, industry leaders and NetApp top executives.
Innovations ranging from quantum-resistant cryptographic systems, AI-based data extraction solutions, to smart predictive maintenance systems, and RPA (Robotic Process Automation) were presented by these entrepreneurs. This batch comprised early stage as well as mature startups, including an international startup, Zappy.AI, headquartered in the U.K.
So far NetApp Excellerator, has mentored 24 such startups through four cohorts. The NetApp team, as well as external mentors, coach these startups on data-driven technologies, platforms, tools, business acumen, and offers access to customer and investor connects. NetApp also provided an equity-free grant of $15,000 to each of the participating startups.
Said Ajeya Motaganahalli, Senior Director and Leader of NetApp Excellerator: “Our vision with the NetApp Excellerator program has been to unleash greater possibilities and each edition reflects our commitment to speed up the delivery of advanced technologies. This demo day further validates our program’s strengths and is the start of a deeper engagement for enhanced business alignment in future cohorts. We envision aligning the next cohort with stronger go-to-market opportunities by funding proof-of-concepts.”
Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India commented, “We have understood some of the trends that are defining the B2B startup eco-system. Using this understanding, and our 25 years of data legacy, we are able to potentially redefine the direction of our startups. ArchSaber, a graduate from the second cohort is being acquired and this is the second company from our alumni to be acquired. The success of the NetApp Excellerator program lies in our ability towards establishing the business and technology viability of the startups within a strong B2B ecosystem.”
NetApp Excellerator has now opened registrations for its fifth cohort. Startups with interests in the areas of hybrid cloud, AI, IOT, data management and adjacent technology domains are invited to apply. To know more, please visit http://startup.netapp.in/ and look us up with #NetAppExcellerator on social media.
NetApp Excellerator Cohort 4 Startups at a glance:
1 QuNu Labs A quantum-safe internet and cloud security company
2 SecurelyShare Trusted, secure and intelligent platform for delivery of sensitive data
3 Zappy.AI Cognitive Robotic Process Automation (Implement RPA 30X faster)
4 Ecolibrium Energy Industrial IOT - Empowers enterprises to improve asset efficiency using predictive analytics
5 Eder AI Helping enterprises scale AI adoption securely, with data privacy
6 UniQreate Smart data extraction from documents