Tech giant Microsoft announced its 11th cohort of 14 late-stage start-ups for its ‘Accelerator’ program to help boost their enterprise readiness and go-to-market (GTM) activities. The 14 start-ups in the cohort are Clonect, Ace Turtle, VideoKen, Kata.ai, Simplilearn, Udaan, Docswallet, MegDap, Liv.ai, KrypC, i-exceed, GIEOM, Hotelogix and MintM. Also Read - Windows 11 will improve multi-monitor workflow; here's howAlso Read - Windows 11 download link: Beware! Do not install the Windows 11 test build gone viral
The startups cover diverse markets and sectors like GST-readiness, video processing, Natural Language Processing and Machine Learning, the company said in a statement. The average age of the start-ups is 3.5 years and have raised around $64mn in funding till date. Their company size averages to 80 employees and clock an Average Revenue Rate of $2.6mn. ALSO READ: Microsoft launches Project Brainwave for real-time AI Also Read - Cyberpunk 2077 back on Sony's PlayStation Store, with a special warning for PS4 owners
In addition to Microsoft ‘Accelerator’ team, the start-ups will get the opportunity to work with its sales and marketing teams which will help them increase their network base. The ‘Accelerator’ has also formed strategic partnerships with various corporates including TCS, Temasek and Wipro to help the start-ups with their GTM efforts globally.