Gen-AI Startup Devnagri Raises Funding in a Pre-Series A Round Led by Inflection Point Ventures

Devnagri is positioned in a market estimated to grow to $100 billion globally by 2030, with substantial growth potential in India.

Devnagri, a startup focusing on enhancing business communication for non-English speakers, has recently secured funding from Inflection Point Ventures.

The amount raised has not been disclosed yet. This investment will fuel their growth in areas like marketing, sales, technology scaling, research, and infrastructure.

The startup specializes in tailoring business communication to meet the needs of non-English speakers, making it more localized and accessible. They achieve this through advanced Natural Language Processing (NLP) and Speech and Language Models (SLMs). These technologies help Devnagri integrate seamlessly into both private company setups and government infrastructures, ensuring effective communication that is contextually relevant.

Nakul Kundra, one of the co-founders, emphasizes their mission to enable businesses to communicate effectively with their customers in their preferred language. Their approach includes developing a private cloud infrastructure for enterprises and government departments.

 This setup allows organizations to maintain control over their content while ensuring that their language models are continually improved with every customer interaction.

Devnagri was founded by Nakul Kundra and Himanshu Sharma, both bringing extensive entrepreneurial experience to the table. Nakul Kundra has a background in business strategy and management, while Himanshu Sharma combines technical expertise with business acumen.

The startup aims to make significant strides in the Indian language ecosystem, where accurate and culturally nuanced translations are crucial across more than 700 languages spoken in the country. By expanding from NLP products to General AI and Speech and Language Models, Devnagri seeks to empower customers to personalize their content effectively.

According to Mitesh Shah of Inflection Point Ventures, Devnagri's AI-powered human translation platform addresses critical challenges in communication, business expansion, and user experience. This includes ensuring precise translations and context-awareness, facilitating seamless communication in diverse Indian languages.

Looking ahead, Devnagri is positioned in a market estimated to grow to $100 billion globally by 2030, with substantial growth potential in India. Their innovations aim to revolutionize communication practices across industries, leveraging the power of AI and linguistic expertise to meet evolving market needs.