Business

NetApp empowers female-led deep tech startups in India

Three out of the five data-driven deep tech startups graduated from the 12th cohort of accelerator programme ‘NetApp Excellerator’ are led by women founders, as per the data infrastructure company. The startups focus on data management, neuroscience, and AI-based consumer insights. NetApp has been mentoring startups to offer data-centric solutions for over seven years.

The five startups from the 12th cohort include NEMA AI, Zeron, Chaos Genius, Kensu, and Blockfenders. Among these, NEMA AI, Chaos Genius, and Zeron were co-founded by women to address contemporary challenges. The cohort also marks the graduation of 18 startups mentored under ‘NetApp ExcellerateHER,’ an initiative to guide startups with women founders through specific challenges.

Ravi Chhabria, Managing Director at NetApp India, mentioned, “Through the cohorts, we have seen an increase in the number of startups that are leveraging deep tech to offer data-centric and unique business solutions.” NetApp’s approach to AI aims to provide solutions for management simplicity, irrespective of where data resides.

Generative AI has gained prominence over the last year for its potential to automate tasks and drive product innovation. NetApp’s efforts to equip startups with AI solutions have been successful as they focus on leveraging deep tech for unique business solutions. The company has mentored a total of 77 startups over the last seven years, including 29 global startups and 18 women-led startups.

In the past five years, eight startups mentored by NetApp have had successful exits with alumni startups collectively raising over $360 million. The data-driven deep tech startup ecosystem is thriving, and NetApp continues to play a significant role in mentoring and supporting startups in offering innovative data-centric solutions.

IANS

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