Hyderabad: T-Hub, India’s fastest-growing start up engine, in association with United Technologies, on Monday announced the five start-up finalists working in video analytics to join their Smart City/Smart Building NanoAccelerator programme cohort.
The finalists are IntelliVision, Duran Inc., Emza Visual Sense, Uncanny Vision Solutions and Cognitifai.
Applications for the programme were received from across the globe and the finalists include two start-ups from India, two start-ups from the US, and one start-up from Israel. These five companies have a combined revenue of more than $4 million and have raised between $7 million and $8 million in funding. They have strong technical and research teams comprised of 30 PhD and more than 30 Master’s degree holders. Also, they hold more than 20 granted and pending patents, providing services to Fortune 100 companies.
Jay Krishnan, CEO of T-Hub said, “T-Hub fosters fresh thinking and opens minds to new possibilities by encouraging the ecosystem to collaborate, propelling India and the world into the future. As a part of our corporate innovation program, we bridge the need to have our industry partners meshed tightly to innovators. Furthering our partnership with United Technologies, we are announcing our first cohort of start-ups working in the video analytics solution domain. These truly global start-ups were researched, analysed and scouted for the Smart City/Smart Building NanoAccelerator programme.
The start-ups selected are from across the world and come with strong technical and research teams. The solutions they offer are niche, and will play a key cog in the near future as the smart buildings and cities not only become reality but a scalable necessity.”
Ali Saidi, VP, UTC Systems and Controls Engineering, said, “The business relationship between HRDC and T-Hub will help to accelerate our innovation journey and enable us to rapidly launch innovative solutions for the benefit of our customers.”