Sandlogic Technologies: Pioneering Innovation In AI & Edge Computing

India has become a burgeoning hub for tech startups, fostering innovation and entrepreneurship across various domains. The country's ecosystem supports young firms through a combination of government initiatives, access to funding, a growing market, and a pool of talented professionals. This supportive environment has catalyzed the rise of startups like Sandlogic Technologies, founded and led by Kamalaakar Devaki, based in Bangalore.

Sandlogic Technologies has swiftly carved a niche since its inception, focusing on Generative AI, Edge AI, and AI co-processor chip development. The company's mission to democratize AI aligns with India's push towards technological inclusivity, aiming to make advanced technologies accessible and affordable for enterprises of all sizes. Their innovative products include TXTR, which facilitates Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR), and Lingo, a platform leveraging Speech, Audio, and Natural Language Processing (NLP) capabilities to derive insights from communications.

Tech Startups of the Year - 2024

The tech start-up landscape is of innovations, disruptive ideas, and cutting-edge solutions in many industries in 2024. From artificial intelligence and machine learning to clean tech, fintech and health, these start-ups break through the possibilities, as one of the most highlighted top three things in the tech industries. Such emerging technologies have made new ventures innovative in developing pioneering applications in health care, finance, cyber security, and supply chain management. AI-based productivity solutions boost work efficiency and facilitate automated sophisticated tasks that use predictions for smarter decisions. Increasingly, algorithms powered by machine learning are incorporated in self-driving vehicles and highly targeted marketing as well as personalized customer services.

Tech startups are building niche sector-specific AI models, especially for legal tech and biotech which makes AI accessible and more effective for businesses in highly regulated industries. Generative AI has opened new creative doors for tool generation of text, images, music, and even code. Among all those start-up, financial technology remains to be one of the top in the market as of 2024 when it centers on how to optimize the digitization of payments and smooth the friction of financial activity.

" Tech startups are building niche sector-specific AI models, especially for legal tech and biotech which makes AI accessible and more effective for businesses in highly regulated industries"

AI and data analytics are increasingly being used to improve diagnosis and patient care, providing personalized and efficient healthcare. Biotech companies are rapidly working on gene editing, cancer research, and immunotherapy, which may promise previously untreatable diseases as curable. Healthtech start-ups are focused on mental health; including building a platform for remote therapy, AI-powered mental health assistants, and wellness apps supports individuals' emotional well-being.

Environmental concerns have been the driving force behind clean tech startups, which are working to develop sustainable solutions across industries. In 2024, startups are working on renewable energy sources, carbon capture technologies, and electric vehicle infrastructure. Energy storage solutions are also gaining popularity as the world shifts toward clea- ner energy and more sustainable practices. They are also innovating in the waste management and recycling industry, developing technologies that diminish waste or trans- form it into value-added resources. Water conservation technologies, sustainable agriculture, and food tech are other areas where innovation is growing, with startups offering alternative protein sources and sustainable packaging solutions.

As the digital world expands further, the demand for robust cyber security solutions is increasing. Start-ups in 2024 are engaged in developing next-generation security platforms that defend against increasingly sophisticated cyber threats. These companies are using AI to detect threats in real-time and block chain to generate tamper-proof systems of sensitive data. This paves the way for cyber security startups to develop solutions which are protecting the traditional networks as well as the growing world of connected devices in smart homes, factories, and cities.

The enterprise software is also being innovated by start-ups, providing business solutions that streamline business processes, enhance collaboration, and productivity. They use AI and automation to decrease manual workloads, freeing companies to focus on high-value activities. Automation platforms provide businesses the ability to automate mundane tasks, like data inputting, invoice processing, and answering customer questions. AI-fueled insight also supports cloud-based project management software to help firms work even more effectively. These software solutions are critical in an age when companies need to scale quickly and remain agile.

Education technology is another fast-growing sector; it comprises startups in 2024 that create platforms for individualized learning experiences, making education accessible and scalable. These startups are developing interactive and engaging learning tools applicable to K-12 education and corporate training. With the increase in remote working and online education, the edtech startups are adding the AI, gamification, and virtual reality to enrich and enhance the learning experience, offering bridge solutions to the skills gap by provi- ding specialized training through coding, data science, and digital marketing.

Initiating from virtual retail stores to highly immersive educational environments, innovators in 2024 are building the infrastructure and applications of the metaverse. These com- panies develops technologies to support virtual collaboration, immersive entertainment, and virtual real estate, providing new ways for working, playing, and interacting within digital spaces. In 2024, top tech startups are leveraging emerging technologies to provide solutions to a variety of tough problems in areas such as healthcare, finance, education, cyber security, sustainability, and beyond.

CIO Insider magazine in this issue presents a list of ‘Tech Startups of the Year - 2024' who have leveraged their extensive industry expertise and experience in bringing innovative solutions to business. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.