NetApp announced the graduation of NetApp Excellerator’s fourth cohort at a demo day event. NetApp Excellerator is the company’s flagship startup accelerator program.
As part of the demo day, six technology startups – QuNu Labs, SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI, and UniQreate, showcased their business models, market opportunity and projections to an eminent panel comprising of venture capitalists, industry leaders, and NetApp top executives.
Innovations ranging from quantum-resistant cryptographic systems, AI-based data extraction solutions, to smart predictive maintenance systems, and RPA (Robotic Process Automation) were presented by these entrepreneurs.
So far NetApp Excellerator has mentored 24 such startups through four cohorts. The NetApp team, as well as external mentors, coach these startups on data-driven technologies, platforms, tools, business acumen, and offers access to customer and investor connects. NetApp also provided an equity-free grant of $15,000 to each of the participating startups.
Ajeya Motaganahalli, Senior Director and Leader of NetApp Excellerator said, “This demo day further validate our program’s strengths and is the start of a deeper engagement for enhanced business alignment in future cohorts. We envision aligning the next cohort with stronger go-to-market opportunities by funding proof-of-concept.”
In addition, NetApp Excellerator has now opened registrations for its fifth cohort. Startups with interests in the areas of hybrid cloud, AI, IoT, data management and adjacent technology domains are invited to apply.
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