Skip to main content

Share story

Capital

Google and Accel Select Five India-Tied AI Startups for Atoms Accelerator with Up to $2M Funding

Google and Accel Select Five India-Tied AI Startups for Atoms Accelerator with Up to $2M Funding Image: Primary
Google and Accel have selected five startups for the latest cohort of their Atoms accelerator program focused on artificial intelligence products linked to India. The selected companies are K-Dense, which is building an AI co-scientist to accelerate research in fields such as life sciences and chemistry, Dodge.ai, which develops autonomous agents for enterprise ERP systems, Persistence Labs, which focuses on voice AI for call center operations, Zingroll, which is building a platform for AI-generated films and shows, and LevelPlane, which applies AI to industrial automation in automotive and aerospace manufacturing. Startups selected for the program will receive up to $2 million in funding from Accel and Google's AI Futures Fund along with up to $350,000 in cloud and AI compute credits from Google. The program was announced in November. This year's program received nearly four times the applications of previous Accel Atoms cohorts. Roughly 70 percent of the rejected applications were wrappers. Wrappers are startups that layered AI features such as chatbots on top of existing software but were not reimagining new workflows using AI, according to Accel partner Prayank Swaroop. Many of the remaining denied applications fell into crowded categories such as marketing automation and AI recruitment tools. About 62 percent of the submissions focused on productivity tools and another 13 percent on software development and coding. Jonathan Silber, co-founder and director of Google's AI Futures Fund, said the five startups selected aligned closely with areas where Google expects AI to see deeper real-world adoption. The program does not require startups to use Google's models exclusively. The goal is to gather feedback from startups on how Google's models perform in real-world applications.
Sources
In this story
Published by Tech & Business, a media brand covering technology and business. This story was sourced from TechCrunch and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital Infrastructure
Capital Infrastructure

Torus says it raised $500 million for combined battery and AI computing product

Energy-storage startup Torus said it raised $500 million in funding to help launch a product that combines batteries with artificial-intelligence computing. The product is the size of a shipping container, bringing energy storage and computing into one unit.

Capital Products
Capital Products

Sennder details €228 million financing package for freight operations

Digital freight forwarder sennder has secured a €228 million financing package, EU-Startups reported. It includes €73 million in equity accumulated over the past two years and €155 million in institutional financing, rather than an entirely new equity round.

Capital AI
Capital AI

Fractile raises $720M at reported $7B valuation

London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund and other investors, the Financial Times reported, citing sources. The funding values the company at $7B after the investment, up from approximately $1.1B in May.

AI Capital
AI Capital

Plurai raises $13 million for simulations that test business AI agents

Plurai said Wednesday it raised $13 million in seed funding for a platform that simulates companies' digital systems to test and improve AI agents. Team8 led the round, with participation from U&I, Velocity and Mercer, TechCrunch reported.

Capital AI
Capital AI

Rox raises $100M Series B at $1.3B valuation

Rox raised a $100M Series B co-led by General Catalyst and March at a $1.3B valuation, Fortune's Morgan Chittum reported. The company develops AI agents that automate customer research and outreach, placing the financing in the market for enterprise sales automation.