Saturday, April 13, 2024
HomeStart UpAccel selects 8 startups for third cohort of accelerator programme Atoms

Accel selects 8 startups for third cohort of accelerator programme Atoms

Accel, a venture capital firm, introduced eight startups from the third cohort of its accelerator program called Atoms. This cohort, known as Atoms 3.0, focuses specifically on startups operating in the AI and Industry 5.0 sectors.

Atoms 3.0 supports outstanding pre-seed startups working within the realms of AI and Industry 5.0. Among the four AI startups in this cohort are Tune AI, offering a GenAI stack for enterprises; Skoob, providing a generative AI platform for reading; Meritic, serving as a storytelling co-pilot for financial planning and analysis; and Arivihan, which stands as India’s premier AI-based, fully automated learning platform. Additionally, the Atoms 3.0 cohort includes two startups operating within the Industry 5.0 domain: Spintly, an IoT platform tailored for smart buildings; and Asets, a multidisciplinary CAD, simulation, and engineering design platform.

Two startups from the cohort are currently in stealth mode.

The Atoms program leverages Accel’s extensive network and insights gained from collaborating with innovative companies to assist pre-seed founders at the early stages of their journey from 0 to 1.

The third iteration of the program, Atoms 3.0, transitioned from being sector-agnostic to thematic, concentrating on AI and Industry 5.0. Prayank Swaroop and Barath Shankar Subramanian, partners at Accel, oversee the AI and Industry 5.0 domains, respectively.

“The shift to a thematic programme design for Atoms 3.0 has enabled us to provide deeper, sector-focused mentorship for the startups,” said Prayank Swaroop, Partner at Accel. “We believe we have found the next wave of disruptors in AI and Industry 5.0.”

Atoms embodies Accel’s ongoing dedication to nurturing the most innovative founders right from the start of their entrepreneurial journey. Accel has played a pivotal role in the early success of many of India’s leading startups, including Flipkart, Freshworks, Swiggy, Urban Company, Zetwerk, and Cure.fit.

Participants in the cohort receive funding of up to $500,000 and gain access to perks valued at over $5 million from Accel’s network partners. They also benefit from personalized mentorship and have the chance to collaborate with a vibrant peer community comprising founders from previous Atoms cohorts and Accel’s extensive network of over 200 portfolio founders, industry buyers, and customers.

“The zero-to-one journey presents the most formidable challenge for entrepreneurs, as every decision can completely alter the trajectory of your business. Our mission with Atoms is to ensure founders have the best odds at success and can make those mission-critical decisions with insight from the world’s best domain experts. Meetings facilitated via the programme have helped the 3.0 founders onboard new, large customers,” said Barath Shankar Subramanian, Partner at Accel.

Subscribe To Newsletter

ICYMI

BRL Editor
BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.