Startup Watchlist: Deeptech Startups To Watch Out For In India In 2020

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Startup Watchlist: Indian Deeptech Startups To Watch Out For In 2020
Bellatrix Aerospace
CynLr
Detect Technologies
Myelin Foundry
Orbo.ai
Playment
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Collectively, this mass of applications, products and services built around AI, Internet of Things (IoT), blockchain, machine learning, big data, robotics and virtual reality is known as deeptech.
So Inc42 picked out the most promising startups from the deeptech sector, which may end up making the biggest impact in the market.
Founded in 2015, Bellatrix Aerospace is space-focussed deeptech company working on a mission to bring down the cost of access to space for businesses and space research organisations It focusses on two areas — advanced propulsion systems for satellites and reusable micro launch vehicles.
In terms of market opportunity, Karanam believes that deeptech companies work on industry-leading technologies, so there is ample opportunity for companies to chart new paths and drive where technology takes the future.
Sustaining a deeptech company through years of R&D is a major challenge,” he added.
However, he added that the biggest challenge for the deeptech sector at present is the crunch in the capital, manufacturing facilities and funding opportunities as compared to global markets.
Myelin Foundry is building AI-powered applications and tools with video, voice and sensor data for edge computing devices such as smartphones, wearables, televisions and drones among others.
The company has a SaaS-based monetisation model where the customers leverage the AI-based products and pay per petabyte of video, voice or sensor data that is processed through or as per the usage of the product.
However, she added that the biggest challenge for deeptech startups in India is the long product development cycle which makes it difficult for them to raise funding from traditional sources.
Combining machine learning and facial recognition, deeptech startup Orbo.ai offers an edge-based visual enhancement stack for the media and entertainment, manufacturing and healthcare sectors

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