Kstart Capital, the seed program of Venture Capital firm Kalaari Capital, has invested an undisclosed amount in Vernacular.ai, a multilingual artificial intelligence platform for businesses.
The startup, which was founded by three IIT Roorkee graduates- Sourabh Gupta, Akshay Deshraj and Manoj Sarda, is presently working on multi-lingual conversational agents for financial institutions.
The challenges of Indian languages are very different from English. Transliteration in different scripts, identification of context for each language and wide usage of a hybrid combination of multiple languages are complex Natural Language Processing (NLP) problems. “We are developing our own in-house technology to solve this problem in collaboration with industry and academia”, said Akshay Deshraj, chief technology officer at Vernacular.ai.
Vernacular.ai had launched a B2C product earlier this year called Aisha – a personal assistant in Hindi for people living in Tier-2 and Tier-3 areas.
“There is a significant opportunity for Indian AI startups to solve India specific problems both for businesses and consumers. We are confident that Vernacular.ai will become the engagement partner of choice for businesses that want to leverage AI to solve for core issues,” said Sumit Jain, Partner, Kalaari Capital, who joined the board of the company.