Devnagri, a Gen-AI company specializing in personalizing business communication for non-English speakers, has raised an undisclosed amount in a Pre-Series A round led by Inflection Point Ventures. The newly secured funds will be allocated to marketing, sales, technology scaling, research and development, infrastructure, and administrative expenses.
Devnagri focuses on hyper-localizing and making business communication more accessible to non-English speakers. The company leverages advanced Natural Language Processing (NLP) and Statistical Language Modeling (SLM) models to contextualize and personalize content. Their technology seamlessly integrates into both private and government infrastructures, addressing the unique linguistic needs of diverse audiences to enhance communication and engagement.
The company was co-founded by Nakul Kundra and Himanshu Sharma. Nakul Kundra, who holds 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.
Mitesh Shah, Co-Founder of Inflection Point Ventures, emphasized the importance of Devnagri’s mission: “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.”
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.
Devnagri’s innovative solutions enable businesses to scale operations efficiently to Tier II and Tier III cities. This cost-effective approach broadens reach and engagement, helping companies tap into new markets and expand their presence across India.
Nakul Kundra, Co-Founder of Devnagri, stated, “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 focused 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.”
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.
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 grow, it will further create sub-industries and transform communication methods for everyone.
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