Commerce.AI Named TiE50 Award Winner at TiEcon

Commerce.AI is excited to announce that it has been selected as a 2020 TiE50 Winner in the prestigious TiE50 Awards Program. This 10-year-old awards competition is a program of TiEcon, the world's largest conference for tech entrepreneurs. Commerce.AI was recognized for its leadership in AI solutions for commerce. 

"We are excited to be recognized as a TiE50 winner. I would like to congratulate our team for their hard work and dedication. I would also like to thank our customers for their trust in us. With online commerce accelerating at an unprecedented rate, it creates a unique opportunity for businesses to use AI to tap into the data generated online. We are at the forefront of the AI revolution in commerce," said Andy Pandharikar, CEO of Commerce.AI.

"TiE50 again attracted high-potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year, TiE50 also partnered with Meet the Draper's, a ground-breaking reality show to give an opportunity to some companies to pitch to the show," said Kamal Anand, TiE50 Program Chair.

"For over 28 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of a half-million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley, we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high-potential startups," said B.J. Arun, President, TiE Silicon Valley.

About Commerce.AI

Commerce.AI was founded with the mission to harness the power of artificial intelligence to change the way commerce is done. Ninety-five percent of today's data is unstructured, in the form of text, voice, images and video. When the AI starts to truly understand this data, it can empower the humans to do what we are best at - to build great products and services and sell with confidence.

About TiE50

Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world's top technology and technology-enabled startups. TiE Silicon Valley's premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO, with 29 of the exits at over $100 million. The TiE50 Awards will be presented virtually to the winners during a ceremony on Sept. 3. More information here.

Global Startup Awards Comes to India For The First Time

The Global Startup Awards (GSA) has finally come to SAARC for the very first time. The GSA is one of the most prestigious global awards in the startup ecosystem, and is held across 60+ countries.

Nominations for the award are free of any charge and it has already started. Nelson Vasanth is the co-founder and CEO of GSA - SAARC. The key members of SAARC chapters are Nitin Sethi – Chief advisor & Digital officer, Abhay Tandon – Chief Innovative Officer, Ranjeet Kumar – Chief Marketing Officer and Alok Medikepura Anil – Head of Entrepreneurship. Past global winners include Grab, Speedinvest, Rainmaking Loft among others.

The GSA Community is backed by Google, Facebook, IBM, Amazon, Microsoft, SAP and other leading Tech companies of the world

The GSA is the largest independent startup ecosystem competition across the world. The GSA’s only agenda is to find and recognize the next 1% of startups across the world, who will have a transformative impact on the digital future. With its extensive outreach and amazing global network, GSA ensures that its winners are able to connect with potential partners, investors, peers, and other unprecedented opportunities.

Although this is the first season of the GSA SAARC Awards, the award started in 2012 in Denmark and has since branched out across regions including ASEAN, Central Europe, EuroAsia, Southern Africa, and South Europe.

The format of the award is fairly simple yet comprehensive. At the first stage, which is the national stage, people can nominate startups across various categories, including Best Accelerator or Incubator, Best Startup of the year, Best Social impact and Female Role model anyone is allowed to nominate a startup, keeping the process as open as possible, and allowing them to source the best startups across SAARC.

A shortlist of the best startups in each category is then curated by a set of advisors most of whom are among the top mentors, investors, and startup advisors in the country. Interestingly, the competition also allows the public to have a say, and once the shortlist is prepared, a public voting is opened. This means that the public perception of the startup and its value also gets taken into account while deciding the winners.

Using a combination of jury opinion and public votes, the winners in SAARC will be declared across the different award categories. Once the national winners are decided, they will compete against the winners from the other SAARC (Pakistan, Afghanistan, Bangladesh, Bhutan, Maldives, and Sri Lanka) nations in the regional round.

Finally, the winners of the GSA SAARC awards will then compete at the Global Awards Grand Finale, where the best startups across the globe will be decided.

Over the past 7 years, the GSA has built an incredible reputation, simply because it’s one of the few awards that is so global in its outreach, is completely transparent about its process, and has no hidden agendas whatsoever.

The global network it provides access to can open up a world of opportunities for the Indian startups that win or are simply shortlisted for the competition. It will also be interesting to see how the winners from the India competition fare against both regional as well as global competition says CEO, Nelson Vasanth

Website: http://www.saarcstartupawards.com