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The author is Assistant Editor at BW Businessworld
Karan Tanna, an automobile engineer, did not always aim to be a restaurateur, however, always passionate about the food business. In an Interview, Tanna, shared his investment plans and franchise models in India
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Professor Debashis Chatterjee spoke about the values of IMI, importance of work experience and new America's visa rules
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Aditya Swarup, Assistant Director at the International Institute of Higher Education and Capacity Building and the Assistant Dean, International Collaborations talks about institute's legacy and the criteria for admission
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In an interview with BW Businessworld, Chandrika Behl, Director, Exhibitions India Group, speaks about the event exhibitors, ideology and tie-ups
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Bhaskar Ranjan Das, head - South Asia, Chartered Institute of Management Accountants (CIMA), explains about the need of management accounting and its scenario in India
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Umang Tewari talks about his expansion plans for tier-II and tier-III cities and his association with Bollywood veteran Dharmendra
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Mradul Sharma, Head (Assessments) of CoCubes Technologies discusses how skill assessment can be the first step towards making India a skilled nation
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Sweta Rawat spoke to BW Businessworld about the organisation, goals and on-going/upcoming campaigns in rural areas.
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Viraj Jit Singh, Chief Marketing Officer of KidZania India talks about the second global indoor theme park, investment, partnerships and marketing strategies
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In 2010, while he was in second year at IIT, Kedar Kulkarni, CEO and co-founder, HyperVerge, co-founded his first company, Lema Labs, which has become a leading robotics education company in South India. In IIT-Madras, he represented India at the International Aerial Robotics Competition (IARC) in 2009 and 2010.In 2014, he teamed up with four other IITians (IIT-Madras) Vignesh Krishnakumar (CTO), Kishore Natarajan (User Growth), Saivenkatesh Ashokkumar (Engineering) and Praveen Kumar (Product) to develop artificial intelligence which deals with teaching computers to mimic the behaviour of the human brain. The Seed FundingHyperVerge, a deep-learning startup by IIT-Madras graduates, announced that it has raised $1 million in seed funding from several US venture capital firms, including NEA, Milliways Ventures and Naya Ventures.In 2014, HyperVerge went to US to do a Kickstarter campaign, where people made them realized the prominence of their product. "We didn't visit US for seed funding, our intention was to do a kickstarter campaign in the US. We were hoping to raise about $50,000 through crowd-funding. We thought it will be just enough to build a basic app. Through conversations with mentors from IIT Madras Alumni community, we realised that the technology developed by the team was a lot more valuable than we earlier thought. It also became very clear that HyperVerge will need backing of strong and supportive VCs for us to be a serious contender in the space of deep-learning". The AppSilver, the first smartphone application developed by the company helps users automatically organise their photos, eliminate poor quality photos and duplicates, and share their best photos. Optimized self-learning algorithms produce results that are real-time and highly accurate to ensure users find the photos(s) they are looking for within just a few seconds. Kittu Kolluri, General Partner at NEA, said, “They have strong ambitions and the potential to achieve them—the technology developed by the company can span out as useful applications for consumers, enterprises and developers. We are thrilled to partner with HyperVerge to bring innovative deep-learning solutions to users and prospective partners.” "Working with a budget of under six lakh, we were able to create classifiers for identification of people, scenes, events and unique patterns in images", said Kedar Kulkarni, CEO and co-founder of HyperVerge. "We believe that our image recognition technology can be the foundation for several breakthrough consumer applications in the near future".poonam@businessworld.in(Poonam Kumar)
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