Devnagri, a Gen-AI company revolutionizing business communication for non-English speakers, has secured an undisclosed amount in a Pre-Series A funding round led by Inflection Point Ventures. The funds will be strategically allocated to marketing, sales, technology scaling, R&D, infrastructure, and administrative expenses, driving the company’s expansion and innovation efforts.
Personalizing Business Communication
Devnagri specializes in tailoring business communication to non-English speakers, making it hyper-local and accessible. By leveraging advanced Natural Language Processing (NLP) and Statistical Language Models (SLM), Devnagri excels in contextualizing and personalizing content. Their technology seamlessly integrates into both private and government infrastructures, addressing the unique linguistic needs of diverse audiences and enhancing communication and engagement.
Experienced Leadership
Devnagri was co-founded by Nakul Kundra and Himanshu Sharma, who collectively bring over 15 years of entrepreneurial experience to the company. Nakul Kundra, an MBA in Marketing & Finance, has a rich background in business strategy and management. Himanshu Sharma, also an MBA in Marketing and a skilled coder, combines technical expertise with business acumen. Together, their diverse skill sets and extensive experience drive the innovative vision and growth of Devnagri.
Addressing Linguistic Challenges
Mitesh Shah, Co-Founder of Inflection Point Ventures, highlighted the challenges Devnagri is addressing, stating, “In India, where more than 700 languages are spoken, translating it is a challenging task from the perspective of accuracy, context, and cultural nuances. These issues impact communication, business expansion, and user experience. Devnagri addresses these problems by leveraging AI-powered human translation. The platform ensures precise translations, context-awareness, and localization, enabling seamless communication across diverse Indian languages.”
Expanding the Indian Language Ecosystem
With top-quality BLEU scores in Indian languages, Devnagri is significantly penetrating the Indian language ecosystem. By expanding from NLP products to GenAI and SLM, they empower customers to personalize their content, meeting the urgent need for localized communication. Their innovative solutions enable businesses to scale operations efficiently to Tier II and Tier III cities, broadening reach and engagement, and helping companies tap into new markets across India.
Vision and Innovation
Nakul Kundra, Co-Founder of Devnagri, emphasized the company’s vision, stating, “Communication is for the Receiver” Hence, Law of Attraction will only work when business communicates well with their audiences. As part of the vision, we are focussed on our approach of creating a layer of Hyper Local communication to enable the businesses to communicate with their customers in their language. Taking a step forward, we are moving towards offering the enterprises and Government departments with a private cloud infrastructure, to maintain their ownership on their content and by keeping the LLMs/SLMs trained with every usage by the customer. “Privatisation of Business Communication” is the need of an hour.”
Prestigious Recognition
Devnagri has garnered multiple prestigious awards both in India and globally, highlighting their innovative contributions. Their accolades include the TieCon Award 2024 in San Francisco, the Graham Bell Award 2023, a feature in the special edition of Shark Tank India 2022, and recognition as NASSCOM’s Emerging NLP Startup of India.
Market Potential
The opportunity market for Devnagri is valued at $100 billion globally by 2030, with $53 billion in India growing at a CAGR of 6.7%. As the language industry continues to develop in India, it will further create sub-industries and revolutionize communication for everyone.
Also read – boAt Launches Nirvana Space TWS Earbuds with 360° Spatial Audio
Join our WhatsApp News Channel for quick updates – FYI9 News WhatsApp Channel
