Revolutionizing Enterprise Analytics with Responsible AI: Ongil.ai's Mission

Enterprises grapple with the complexities of manual data collection, harmonization, and processing, particularly when dealing with vast datasets. The time-consuming tasks of building dashboards and reports often hinder operational efficiency. Ongil.ai, a startup headquartered in Chennai, addresses these challenges by providing an analytics platform tailored for AI-informed decision-making.

AI-Driven Efficiency for Dynamic Decision-Making

Founded in 2017, Ongil.ai focuses on empowering businesses with agile and data-driven decision-making processes. The start-up’s instant messaging platform claims to accelerate analytics tasks for senior management across various industries by up to 95%. Real-time visualization and predictive analytics are key features that contribute to this remarkable speed, transforming labour-intensive processes that used to take days into tasks completed within minutes.

Notable Recognition and Investment

Ongil.ai has garnered recognition as one of Tech30, a list highlighting the most promising Indian start-ups of 2023. The startup has also attracted financial support, raising approximately $400,000 from angel investors, including Lakshmi Narayanan, former Vice-Chairman and CEO of Cognizant.

Democratizing AI for Business Benefit

Ajith Sahasranamam, the Founder and CEO of Ongil.ai, emphasizes the limitations of contemporary AI frameworks, largely dependent on extensive data and computational resources controlled by tech giants. With a background in Computational Neuroscience, Sahasranamam initiated Ongil.ai to reduce computational power usage in data processing, aiming to democratize and enhance the benefits of AI for businesses. The startup incorporates natural language processing, deep learning, and optimization algorithms, striving for more democratic and impactful AI applications.

Strategic Partnerships and Real-World Impact

Ongil.ai has established partnerships with prominent enterprises such as Unilever, 3M, ABInbev, and Hello Travel. Sahasranamam highlights tangible results, noting that Unilever experienced a 7X increase in data harmonization efficiency, while ABInbev saw a drastic reduction in time to insights from three days to less than five minutes.

Financial Growth and Future Vision

Despite its modest team size of up to 19 people, Ongil.ai reported an annual revenue of $210K in the last financial year, projecting a growth to $300K in the current year. Looking ahead, Sahasranamam envisions Ongil.ai transitioning from general business operations use cases to a focus on Environmental, Social, and Governance (ESG) applications. The company aims to support enterprises in making positive social impacts.

Global Expansion and Funding Goals

Operating in South East Asia, Japan, and the US, Ongil.ai plans to strengthen its presence in the American market. The startup, with its responsible AI framework, also eyes expansion in the EU market. Sahasranamam expresses the intention to raise funds, seeking venture capitalists who share Ongil.ai's vision of revolutionizing AI in businesses through innovative algorithms and hardware.