Google Grants Cash, Mentorship to 2 Indian Women-Led AI Startups
By siliconindia | Friday, 08 December 2023, 11:27 IST
Two female entrepreneurs from India, leading AI-centric startups focused on assisting businesses in tackling significant challenges, received a non-equity cash award of $100,000 each along with dedicated mentorship from Google's inaugural 'Women Founders' Fund'. Megha Aggarwal, co-founder of Fundamento based in India, employs AI to automate customer inquiry support tasks that are typically manual and repetitive. Their objective is to aid clients in effectively handling customer queries and lowering frontline expenses by as much as 80 percent.
Sophiya Jagannathan founded MetaShop in India to help businesses create photorealistic 3D assets at scale using only video input. Using AI has resulted in a process that is 10 times Sophiya Jagannathan established MetaShop in India to assist businesses in generating photorealistic 3D assets at scale solely through video input. By leveraging AI technology, the process is ten times faster than most existing solutions in the market and incurs only a quarter of the cost. The Google initiative offers financial support, mentorship, and product assistance to female entrepreneurs leading AI-driven startups based in the Asia-Pacific region, enabling them to effectively manage their startups and flourish as leaders.
"I'm pleased to contribute to the Women Founders' Fund, supporting startups utilizing AI technology for innovation. Our aim is to act as a platform for these startups to expand globally. We remain committed to fostering the growth and advancement of women founders", stated Mike Kim, Head of Google for Startups APAC. The Fundamento team has been dedicated to developing advanced AI solutions that specifically target real-world challenges, particularly in the financial services and travel sectors.
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