House>Corporations>News>Entrepreneur First to make investments in 6 deep tech startups amid pandemic
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. Up as much as now: 14 Sep 2020, 12: 14 PM IST
EF’s funding technique bridges old fashioned mission capital funding and startup construction by investing in talented entrepreneurs and companies at early- and pre-seed phases
NEW DELHI :
UK-based fully investor Entrepreneur First (EF) is backing six Indian deep tech startups, as fragment of its third cohort, specializing in reducing-edge technologies equivalent to Synthetic Intelligence (AI) and Machine Learning (ML) throughout assorted industries.
Co-founded in London in 2011 by Matt Clifford, EF entered India closing year to promote tech startups within the nation. The talent investor has supported over 200 founders and helped produce and invested in 20 Indian tech open -u.s.within the 18 months since its birth.
EF’s funding technique bridges old fashioned mission capital funding and startup construction by investing in talented entrepreneurs and companies at early- and pre-seed phases.
“The scale of this year’s world crisis is extraordinary. However, this hasn’t stopped Entrepreneur First’s third cohort of formidable and talented founders to open globally associated companies right here in India,” stated Matt Clifford, co-founder and CEO, Entrepreneur First.
“We’re very bullish on Indian tech entrepreneurs, and are committed to supporting them even by map of essentially the most up-to-date economic peril.” stated Esha Tiwary, Fundamental Supervisor, India, Entrepreneur First.
On this spherical, EF has invested a pre-seed amount of $55,000 in six tech startups that are the exhaust of deep studying technologies esteem AI, ML, 3D pc vision to solve issues throughout industries.
“The founders from this third cohort web confronted unbelievable headwinds and adversity. But we proceed to be impressed by their resilience and resolve to ruin globally critical companies,” added Tiwary.
EF has placed its bets on six startups that exhaust technologies esteem AI, Ml and 3D pc vision to ruin solutions throughout assorted verticals are MedPay, Retail Pulse, LitmusEye, Vadoo, Marlin and BrainEntech.
“EF puts you with some of the estimable suited and eminent participants. Being in this cohort in actuality pushes you to secure at your high-diploma. Basically the most good fragment is, you come out with a brilliant team of chums and a network that is unbeatable,” stated Zaraif Hossain, co-founder & CEO at Retail Pulse, that makes exhaust of pc vision to empower client items agencies to harness files from retail stores.
Since its birth, the investors web considered a high advantageous of founders and startups at EF India and are convinced that world class progressive technology-led startups will also be produced from this arrangement. EF continues to work with assorted ecosystem gamers and investors to produce a sturdy structure for supporting early stage tech entrepreneurs in India.
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