In its continued efforts to increase collaboration between startups and corporates, Microsoft Accelerator has selected 14 late stage startups in its 11th cohort to help them boost their enterprise readiness and go-to-market (GTM) activities.
While the startups are solving problems for very diverse markets and sectors, like GST-readiness, to video processing and Natural Language Processing, Machine Learning emerges as a strong driver across the cohort. The average age of startups of the cohort is 3.5 years and they have raised, between them, close to $64M in funding till date.
Their company size averages to 80 employees and clock an Average Revenue Rate of $2.6M. The 14 start-ups that have been selected in this year’s cohort are Clonect, Ace Turtle, VideoKen, Kata.ai, Simplilearn, Udaan, Docswallet, MegDap, Liv.ai, KrypC, i-exceed, GIEOM, Hotelogix, and MintM.
During the program, the startups will work closely with the Accelerator team to further improve their enterprise readiness quotient, develop and execute GTM strategies and leverage on Microsoft’s customer and partner network. To increase their network base, and refine key strategies and scalability solutions, these startups will also work closely with Microsoft’s sales & marketing teams.
The startups will also be given access to Microsoft’s tech stack and Azure technologies to make use of its advanced cloud services in areas such as – Big Data, IoT, Advanced Analytics and Cognitive Services to scale their products and serve enterprise clients.
Since shifting the focus of the program to later-stage startups, many startups have seen significant growth in their business, global expansions and an increase in enterprise clients with Microsoft’s support including Altizon, CloudCherry, CustomerXPs, Flutura, Vymo and Witty Parrot. The Accelerator has also formed strategic partnerships with various corporates, including TCS, Temasek and Wipro to help the startups with their GTM efforts globally.