India: Announcing its 10th cohort of startups, Microsoft Accelerator that focuses on growth-stage startups has continued its narrative to undertake and accelerate business-to-business (B2B) or enterprise-focused startups for its four-month long accelerator programme.
The new batch of startups selected for the programme are mainly in the areas of artificial intelligence and the internet of things, targeting verticals, including banking finance and financial services, logistics, health care, pharma and energy.
The 14 startups selected for the programme are a good mix of series-stage mature business and seed-stage startups. Seven of the startups, including healthcare startup SigTuple and packaging artwork management software provider Karomi are among series-stage mature businesses, currently at an average annual revenue rate (ARR) of $1.5 million, and average funding of $3.2 million.
The other startups in the batch include: AceBot, Active.Ai, FirstHive, Heckyl Technologies, Lavelle Networks, LetsTransport, QuestionPro, SysCloud, Tricog, vPhrase, Wittyparrot and Zenatix.
Source: Economic Times