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Home Startups Events

From Theory to Practice: 4 Startups from Conquest, BITS Pilani’s 20th Cohort that are harnessing AI to Solve Real-World Challenges

by Rohan Mathawan
August 5, 2024
in Events, Startups
Reading Time: 3 mins read
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From Theory to Practice: 4 Startups from Conquest, BITS Pilani’s 20th Cohort that are harnessing AI to Solve Real-World Challenges
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India’s startup ecosystem is experiencing an unprecedented surge, fueled by innovation, increased funding, and a supportive environment. With Bengaluru, Delhi-NCR, and Mumbai emerging as key hubs, the country’s startup landscape is bustling with activity. In May 2024 alone, Indian startups raised a remarkable $1.3 billion. Early-stage funding has been particularly vibrant, driving growth in diverse sectors such as e-commerce, fintech, and healthtech​​. 

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Within this dynamic environment, Conquest presents a four member pod of promising startups from their 20th cohort consisting of 27 promising startups. Conquest is BITS Pilani’s flagship startup accelerator completely run by students. They aim to nurture India’s most promising early stage startups through an eight-week-long programme by providing them resources, mentorship and equity free grants.

Docker Vision

Founded in : 2021

Founders : Prajith Nair, Athira M

Headquarters : Kochi, Kerala

Sector : Supply Chain and Storage

Docker Vision is an Artificial Intelligence based product company focusing on Port Automation. Its aim is to reduce inefficiencies in container terminal gate operations, by automating container identification. It minimizes truck wait times and decreases carbon emissions. They use AI-Powered Gate OCR, dOCR to extract information from shipping containers in real-time using any IP camera.

Their solution can extract iInformation like container code, ISO code, size & type of container, shipping line details using Computer Vision and Deep Learning.

Nullpointer

Founded in : 2018

Founders : Bala Sundaresan, Akshay Bharati

Headquarters : Banglore

Sector : Fintech, Gen AI

Nullpointer uses natural language agents to improve decision-making in finance. Their ecosystem of custom ML models, fine-tuned embedding models, and large language models boosts productivity by automating data retrieval, increasing accuracy, and reducing costs. They target consulting firms, asset management companies, research firms, private equity firms, and banks.

Nullpointer’s flagship product, Fincopilot, is a cost-efficient and accurate retrieval-augmented LLM tool for financial research. It answers complex questions and provides sources, outperforming other solutions in cost and performance. This tool helps investors make informed decisions and manage risk. Nullpointer envisions a future where finance is driven by conversational agents powered by advanced AI models.

WaterApp

  • Founded in: 2021
  • Founders: Parag Thakur, Shibani Thakur, Pradip Salunkhe
  • Headquarters: Pune
  • Sector: Energy and Sustainability

WaterApp leverages IoT technology to provide comprehensive water management solutions for residential and commercial buildings, industries, and beyond.

By preventing overflows, issuing timely alerts, and implementing smart automation strategies, WaterApp helps users conserve water. Their impressive track record speaks for itself: in just three years, they’ve been deployed in over 220 locations, saving a remarkable 50 million liters of water and Rs 3 Crore in water, labor, and energy costs. They are also introducing AI-ML in the solution that helps with Leakage Detection, Prediction etc.

ReNewCred

  • Founded in: 2024
  • Founders: Abhimanyu Rathi, Niranjan Ayyar
  • Headquarters: Banglore
  • Sector: Climate tech

ReNewCred is a carbon credits and offsets standard and registry focused on tech-based solutions that aims to solve issues of low-quality carbon offsets and high verification costs. They specialize in facilitating and certifying carbon offset projects that utilise technologies such as Carbon Capture and Storage (CCS) and Direct Air Capture (DAC). By providing high-quality, tech-based carbon offsets with transparent and traceable data. Their platform ensures market transparency and trust through rigorous Monitoring, Reporting, and Verification (MRV) technologies.

These four are just a glimpse of the 27 groundbreaking startups that secured a spot in Conquest’s 2024 cohort. With Conquest’s offline week approaching, running from June 5th to 11th in Bangalore. The renowned “Demo Day” is set to happen on 11th of August, where the cohort of Conquest will engage in competitive pitching in front of a board of jury. If speaker sessions, panel discussions and network opportunities sound interesting to you click here to learn more about Demo Day.

 

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Rohan Mathawan

Content Editor at Techstory Media | Technology | Gadgets | Written more than 5000+ articles about different niches from Tech to online real money gaming for reputed brands and companies. Get in touch Email: rohan@techstory.in For Business Enquires related to TechStory Info@techstory.in

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