India’s former cricketer Kapil Dev, the man who led India to win its first-ever Cricket World Cup in 1983, on Thursday, 15 October 2020 invested an undisclosed sum in Harmonizer India, a deeptech startup that develops energy-efficient solutions by utilising Artificial Intelligence, Machine Learning and IoT.
On the occasion of investing in Harmonizer India, Dev in a press statement said,
“I have invested in Harmonizer India to support Indian brainpower and technocrats, who have done so well to file 14 patents,”
He further added,
“There are tremendous opportunities for further growth. Harmonizer is aiming to achieve a significant part of that pie,”
M. R. Srinivas, CTO and R&D head, Harmonizer India, said,
“We have R&D Centre at Bengaluru and presence in India, UAE and Canada. We have filed more than 14 patents and would be filing more in coming months in technologies like AI/ML for industries that will have great advantage for our customers.”
The company highlighted that with government’s initiatives, India is headed to become a global hub for Artificial Intelligence. The Enterprise AI market is heading towards much wider adoption in India, adding to which, Manoj Soni, CEO, Harmonizer India, said,
“The IoT market in India is poised to reach $15 billion by 2020, accounting for nearly 5% of the total global market,”
