News on Medial

Related News

Uniphore has early-mover advantage as there is secular demand for AI today: CEO Umesh Sachdev

Money ControlMoney Control · 1y ago
Uniphore has early-mover advantage as there is secular demand for AI today: CEO Umesh Sachdev
Medial

Uniphore, a startup incubated at IIT Madras, has made significant investments in knowledge AI, emotion AI, and generative AI. With a growing client base, increased geographical demand, and surging revenues, the company's AI-native advantage is evident. Uniphore recently inaugurated its 'India AI Innovation Hub' in Chennai, reaffirming its commitment to the city. The company plans to focus on gen AI and emotion AI research and will hire talent accordingly, capitalizing on its unique position as an AI-native company. Despite the generative AI buzz, Uniphore's steady growth has been largely unaffected, with clients focusing more on AI's business outcomes. The adoption of AI products has increased, and the company is experiencing significant revenue growth. Expanding into new markets, including India, Uniphore aims to create Chennai as the AI hub of India. It recognizes India's potential to be a global supplier of AI talent. While AI will make employees more efficient, reskilling is essential to adapt to changing job requirements. US President Joe Biden's order to regulate AI is welcomed, as it addresses the need for responsible guardrails. Uniphore's business roadmap for 2024 includes reaching a billion dollars in Annual Recurring Revenue (ARR), raising over $600 million in capital, geographic expansion, and entering new segments such as marketing and HR. An eventual IPO is part of the plan, but the timing will depend on business development.

Pocket Entertainment elevates Umesh Bude to CTO

EntrackrEntrackr · 1m ago
Pocket Entertainment elevates Umesh Bude to CTO
Medial

Pocket Entertainment elevates Umesh Bude to CTO Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel, has elevated Umesh Bude to Chief Technology Officer (CTO). Previously Senior Vice President of Engineering, Umesh will now lead the company’s technology strategy, focusing on developing the future of AI-powered storytelling across its platforms. As CTO, Umesh will oversee the end-to-end tech stack at Pocket Entertainment and spearhead innovations to scale its products globally. His responsibilities will include designing scalable systems, advancing generative AI capabilities, and delivering technology-led innovations to empower both creators and consumers. “It’s a privilege to take on this role at a time when technology and creativity are deeply intertwined at Pocket Entertainment. I look forward to driving the next wave of innovation, where technology and AI are not just enablers, but storytellers in their own right,” said Bude on his promotion. Umesh will continue to report to Prateek Dixit as the company aims to consolidate its position at the intersection of entertainment and technology. Earlier this year, Pocket Entertainment launched Pocket Toons, an AI-first comics (webcomics) platform that uses AI to transform storytelling and content creation. In March 2024, Pocket FM secured $103 million in its Series D funding round, led by Lightspeed and joined by Stepstone Group. The company has raised $196.5 million in total funding and was valued at $750 million in its last equity round. Pocket FM’s global revenue spiked to Rs 1,051.97 crore in FY24 from Rs 176.36 crore in FY23. The Bengaluru-based company also improved its economics as its losses narrowed by 21% to Rs 165 crore in FY24.

Download the medial app to read full posts, comements and news.