TLDR:
- VC firm Accel announced 8 early-stage Indian startups in the Atoms accelerator program focusing on AI and Industry 5.0 domains.
- Startups will receive up to $500,000 in funding along with additional benefits worth $5 million.
In the third cohort of its accelerator program called Atoms, leading venture capital firm Accel has unveiled eight early-stage Indian startups. The program is focused on backing pre-seed ventures in the Artificial Intelligence (AI) and Industry 5.0 domains. Each startup in the cohort will receive up to $500,000 in funding along with other benefits worth more than $5 million from Accel’s network partners.
The eight startups in this cohort include four AI startups (Tune AI, Skoob, Meritic, and Arivihan), two Industry 5.0 startups (Spintly and Asets), and two stealth mode startups. According to Prayank Swaroop, Partner at Accel, Atoms 3.0 is designed to provide deeper, sector-focused mentorship for the startups. The program aims to support founders in navigating the challenges of the AI and Industry 5.0 markets.
Accel has been the first partner to many successful Indian startups like Flipkart, Freshworks, and Swiggy. The previous two cohorts of Atoms have collectively raised over $200 million in funding. The 6-month Atoms 3.0 journey focuses on areas like hiring, acquiring customers, and preparing pitches for investors to help founders make critical decisions.
