Devnagri Revolutionizes Business Communication with Pre-Series A Funding from Inflection Point Ventures
In an era where effective communication is instrumental for business growth, Devnagri, a pioneering Gen-AI company, is making significant strides towards transforming the way businesses connect with non-English speakers. By incorporating cutting-edge Natural Language Processing (NLP) and Small Language Models (SLM) into both private and government sectors, Devnagri aims to hyper-localize and personalize business communication, bridging linguistic gaps and enhancing user engagement.
The recent announcement of Devnagri securing an undisclosed amount in a Pre-Series A funding round led by Inflection Point Ventures marks a significant milestone in its journey. This infusion of capital is earmarked for an array of critical initiatives including bolstering marketing and sales efforts, advancing technology, deepening research and development, and covering infrastructure and administrative costs.
Founded by Nakul Kundra and Himanshu Sharma, Devnagri is not just a product but a mission to redefine communication paradigms. With over 15 years of entrepreneurial experience, Kundra and Sharma bring a wealth of knowledge and an innovative outlook to the company. Devnagri’s solutions facilitate not merely the translation of content, but its adaptation to the linguistic subtleties and cultural nuances inherent to India’s diverse language landscape.
Mitesh Shah, Co-Founder of Inflection Point Ventures, highlights the complexities of catering to India’s vast multilingual populace. He notes, “Translating for accuracy, context, and cultural sensitivity across India’s 700+ languages presents formidable challenges. Devnagri leverages AI to ensure that translations are not only precise but also culturally and contextually resonant, facilitating seamless communication across the country’s linguistic diversity.”
The innovative approach adopted by Devnagri has not gone unnoticed. With top-notch BLEU scores for Indian languages, the company is rapidly making inroads into the Indian linguistic ecosystem. The shift from purely NLP products to embracing GenAI and SLMs has empowered clients to tailor their content for localized engagement, addressing the growing demand for nuanced and culturally mindful communication.
Expansion into Tier II and Tier III cities becomes seamless with Devnagri’s platforms, promoting not just accessibility but also inclusivity. This strategic move not only enhances customer engagement but also enables businesses to explore untapped markets, creating avenues for exponential growth across India.
Nakul Kundra, co-founder of Devnagri, emphasizes the significance of tailored communication, “At Devnagri, we believe that effective communication is oriented towards the receiver. Our initiative towards creating a highly localized layer of communication helps businesses resonate with their target audience in their own language. Our focus is now shifting towards offering enterprises and government departments private cloud infrastructure, ensuring data privacy and leveraging the continuous improvements in our LLMs/SLMs with each customer interaction.”
Devnagri’s groundbreaking work has been recognized with several prestigious awards, including the TieCon Award 2024, the Graham Bell Award 2023, and notable features in Shark Tank India 2022 and NASSCOM’s list of Emerging NLP Startups in India. These accolades reflect the company’s commitment to innovation and its pivotal role in shaping the future of communication.
The global language service market, with Devnagri at the forefront, is poised for significant expansion. Currently valued at $100 billion globally (with $53 billion from India and a projected CAGR of 6.7% by 2030), this sector is set to catalyze the evolution of content-rich industries and redefine communication standards for businesses and consumers alike.
As Devnagri continues to break new ground, its journey from a vision to a leading force in AI-driven linguistic solutions underscores the transformative potential of technology in bridging communication divides, fostering inclusivity, and enhancing global business dynamics.
