The start-ups will work in the areas of artificial intelligence, machine learning, computer vision, natural language processing, analytics and digital experiences.

Target Indias accelerator program picks eight startups to develop innovative tech solutionsImage for representational purpose only
Atom Startups Wednesday, July 19, 2017 - 19:16

Retail services provider Target India on Wednesday announced the fifth batch of its 'Target Accelerator Programme' (TAP) with eight start-ups which were selected to develop innovative technology solutions.

The selected start-ups will work in the areas of artificial intelligence, machine learning, computer vision, natural language processing, analytics and digital experiences.

"The Target accelerator's largest batch yet holds diverse capabilities that can add value to our business and the entire retail sector through cutting-edge technologies such as AI and machine learning," said Rakesh Mishra, Target India Vice-President of Marketing, in a statement.

"We are fortunate to have the opportunity to tap into the immense innovation potential that exists in India through the programme," Mishra added.

The eight start-ups are Cogknit, Hyperworks, Moonraft, Cognitifai, Light Information Systems, vPhrase, Streamoid and Jumper.ai.

Cogknit is a startup that applies machine learning to text, speech, and computer vision to build enterprise and SaaS-based products and solutions.

Hyperworks is a Bengaluru-based startup that uses AI, imaging, and product design to solve business problems in the fresh produce industry.

Moonraft is an innovation and design firm. It works on advancing human experience through design-driven innovation.

Cognitifai is a startup that uses computer vision to keep track of physical inventory in a store.

Light Information Systems is into research and development of powerful algorithms that help with semantic understanding of text and images. Its product NLPBOTS powers intelligent conversations for advanced HCI across major enterprises.

vPhrase’s platform PHRAZOR converts complex numbers into simple words to communicate insights. It analyses, reasons and writes like a human being, in multiple languages.

Stramoid uses image recognition to extract product and style information from images; process it through its intelligent Fashion AI engine to give trend-led or contextual and personalised results.

Jumper.ai uses hashtags to help businesses sell products across social media platforms.

The start-ups will be provided with legal, financial and talent consulting services based on their requirements and at the end of the programme, they will have the opportunity to pitch their products and capabilities to investors and others in Bengaluru's start-up ecosystem and possibly continue their engagement with Target.

Till date, 22 start-ups have graduated from the programme first launched in December 2013.

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