Devnagri, a pioneering Gen-AI firm engaged in tailoring business communications for non-English speaking populations, has successfully secured an investment in its Pre-Series A round, the amount of which remains undisclosed, with Inflection Point Ventures taking the lead.
Making communication more accessible to non-English speakers
The company sets itself apart by its unique approach to making business communication hyper-local and more accessible to non-English speakers. Utilizing state-of-the-art NLP and SLM technologies, Devnagri efficiently contextualizes and personalizes content, ensuring smooth integration of their solutions into both private entities and governmental bodies.
Their innovative offerings are designed to meet the varied linguistic requirements of diverse populations, thereby fostering improved communication and engagement.
Nakul Kundra and Himanshu Sharma, contribute over 15 years of entrepreneurial knowledge
The entrepreneurial duo behind Devnagri, Nakul Kundra and Himanshu Sharma, contribute over 15 years of entrepreneurial knowledge to the venture. Kundra, with an MBA in Marketing & Finance, brings a wealth of experience in business strategy and management.
Sharma, who also holds an MBA in Marketing along with coding proficiency, blends technical know-how with strategic insights. Their combined expertise and experience are pivotal to Devnagri’s vision and progression.
Mitesh Shah, a founding member of Inflection Point Ventures, shared insights on the linguistic diversity of India, pointing out the challenges in translation accuracy, contextual relevance, and cultural sensitivity.
Shah highlights how Devnagri’s AI-powered human translation technology adeptly navigates these issues, ensuring accurate, contextually aware, and localized translations, thus facilitating barrier-free communication across India’s multifarious linguistic landscape.
Devnagri building communication gap in the Indian linguistic ecosystem
Devnagri not only boasts impressive BLEU scores for Indian languages but is also making noteworthy strides in bridging the communication gap in the Indian linguistic ecosystem through its foray into GenAI and SLM technology. This allows clients to customize their content uniquely, addressing the pressing need for localized communication strategies.
Such groundbreaking solutions pave the way for businesses to efficiently scale their operations to include Tier II and Tier III cities, making this an economical strategy to widen their market reach and foster expansion throughout India.
Nakul Kundra commented on the ethos of Devnagri
Nakul Kundra commented on the ethos of Devnagri, emphasizing the importance of receiver-centric communication and the principle of the Law of Attraction in business outreach.
He outlined the company’s goal to craft a Hyper Local communication layer, enabling businesses to converse with consumers in their native languages.
Looking ahead, Devnagri aims to offer private cloud infrastructure to enterprises and government sectors, ensuring content ownership while enhancing LLM/SLM training with every customer interaction, thereby, underscoring the critical need for “Privatization of Business Communication.”
Awards for Devnagri, a Gen-AI Company
The firm has been recognized with numerous prestigious awards on both national and international platforms for its innovative approaches. Among these accolades are the TieCon Award 2024 in San Francisco, the Graham Bell Award 2023, a special feature in Shark Tank India 2022, and being named NASSCOM’s Emerging NLP Startup of India.
With the language service market projected to reach $100 Billion globally by 2030 (of which $53 Billion is expected from India, growing at a CAGR of 6.7%), Devnagri is positioned at the forefront of this burgeoning market, driving the evolution of communication across myriad content-rich industries and transforming the linguistic landscape of India.