India’s start-up economy has witnessed growth ever since the Prime minister has called for a Start-up movement in the nation. In past few years, the nation has witnessed an increase in number of tech start-ups.
Deep Tech refers to start-ups in the field of engineering that are based on high tech innovations or scientific discoveries. The term was first coined by Swati Chaturvedi, CEO of Propel(X). Deep Tech start-ups harnesses the power of advanced technologies such as IoT, AI, ML, and quantum computing to create solutions for handling almost all the complex problems of real-world.
For example, the application of AI to predict the tendencies to disease is a real-world example of deep tech innovations. Deep Tech start-ups have a made a significant impact on economic sectors such as fintech, robotics, autonomous vehicles, etc. Recently, Deep tech came up with the invention of COVID-19 vaccine that helped us to fight and survive the Corona virus.
Deep Tech utilizes advanced technology to create self-sufficient AI robots that can perform human tasks in less time. The Deep tech innovations are quite radical; they either create a new market or disrupt an existing one. Its immense popularity is due to the ability to identify and address major societal and environmental issues that impacts our routine life.
The Government of India formulated National Deep Tech Startup Policy to drive innovation and promote economic growth through deep tech research-based innovations. Its ultimate objective is to strengthen India’s competitiveness in the global market. India’s start-up economy is witnessing remarkable growth with a surge in funding and investments. Experts believe that more deep tech start-ups will be launched in sectors like EVs, climate, and space in coming years.
Factors such as digitization, enhanced internet penetration, and favourable regulatory atmosphere contribute to the growth of Deep tech in India. India’s Deep tech economy has emerged as a significant force in driving economic growth, job opportunities, and technological advancements. Let us check the top 10 start-ups that have potentially impacted India’s deep tech economy.
1. DigiTwin Technology
DigiTwin technology is an Indian deep tech start-up company specialized in Industry 4.0 solutions such as digital twins, IIOT, and more. The company’s corporate office is in Chennai, Tamil Nadu with global presence in more than fifty countries. DigiTwin provides detailed insights to enhance business operations by deploying their expertise in the fields of AI, ML, and Reinforcement learning. They have years of domain expertise across industries like Automotive, Pharma and Life Sciences, Water Treatment, etc.
2. Innogle
Innogle offers innovative solutions such as AI, extensive data mining, and robotics for coastal security, fishing, and ocean research. Headquartered in Chennai, the digital ocean tech start-up offers IT solutions for different verticals. The company focuses on rendering innovative solutions to reduce carbon footprints for fishing boat owners and help save millions of lives at sea. Innogle aims to develop a 5G integrated digital ocean underwater solution to facilitate two-way communication between vessels using a 5G enabled Kadalcompass device.
3. QNu Labs
QNu Labs utilizes quantum physics to develop commercial cybersecurity products. The cyber security start-up is situated in Bengaluru and use Quantum cryptography technology to prevent crucial data against emerging cyberattacks. Its quantum mechanics include quantum key generation, management, and distribution. QNu Labs has partnered with prominent MNC’s to carry out R&D for new and emerging quantum technology.
4. VisionBot
VisionBot is a cloud-based, on-premise computer vision platform that utilizes Neural Network and Deep Learning technologies to extract objective data from subjective images. With headquarters in Bengaluru, VisionBot offers a user-friendly interface and plug-and-play settings to streamline the operation processes. The deep tech start-up company incorporates visual inspection monitoring into your workflows to improve quality control and save critical resources. Their visual content monitoring system helps in identifying potential hazards that act as an impediment to the company’s growth and improvement.
5. Cognitifai
Cognitifai is a video intelligence deep tech start-up located in Bengaluru. The company utilizes computer vision to analyze the events captured during video recording. They also specialize in urban monitoring services such as surveillance and hyper-local intelligence discovery for intelligent cities and retail enterprises. One Studio is a video intelligence platform developed by the company that offers a variety of AI tools such as DevSuite.ai, Visionapi.ai, HPCOS.ai, and Dataplatform.ai and high-performance computing workflows.
6. Sputnik Brain
Sputnik Brain is a deep tech start-up company supported by Samsung and United Nations Development Program. The company develops non-surgical brain modulation devices that can alleviate stress through brain’s reward systems and clinically backed neuroscience. Their mission is to relieve human lives from pain by creating trailblazing infrastructure in non-invasive brain modulation.
7. GoCodeo AI
GoCodeo AI is a deep tech start-up company located in Bengaluru that offers preventive software testing services for companies, to help them detect and resolve software bugs at their initial stages of development. The AI-based software company works with developers to ensure complete data security by executing software testing from code level. GoCodeo’s AI offers real-time test codes, eliminating the need for prompts and manual test creation.
8. mSense
mSense is a Bengaluru-based start-up company that provides AI-powered Digital Eyes and Ears for non-contact and non-intrusive visual inspection using sound. It can identify defective engines in seconds. mSense maintains your production data record with the highest level of accuracy. VisionDL by Digital Eyes utilizes in-house AI for quality inspection, and AcousticDL by Digital Ears utilizes sound for quality inspection. They use critical deep learning end-to-end solutions to eliminate bottlenecks and enhance business performance.
9. Datamatics
Datamatics offers cloud-based services such as enterprise document management, big data analytics, application development, engineering and embedded solutions, and more. The company provides RPA solutions to evenly distribute the data across multiple software applications and also provide iConcile robots to automatically reconcile bank statements. Their corporate office is located in Pune, Maharashtra. Datamatics leverages Generative AI technology in a variety of fields including financial data analysis, enterprise content mining, digital hr assistant, and smart customer agents.
10. Cygni Energy
Cygni Energy is a deep tech start-up company situated in Hyderabad, engaged in developing alternative energy storage solutions for EVs. The company develops batteries for two and three-wheeler vehicles and smart solar generators. Cygni Energy was the first company to join India’s Start-up Campaign. The company’s motto is to develop innovative solutions that can power electric vehicles, homes, and businesses at comparatively lower cost and keep the environment clean.
