AI Startup Staqu Witnesses a 100 % Year-on-year Increase in Revenue

The AI-powered brand’s client base has also increased by 126%

Staqu, India’s leading Artificial Intelligence (AI) implementation enabler has announced registering another strong year with a 100 percent Y-o-Y growth in revenue. The company has witnessed 3x growth in the last two quarters with a strong runway of 36 months. Staqu also displayed positive EBIDTA results for July 2022. Additionally, the AI-powered brand has reported that its client base has increased by 126%.

The success points to the rising acceptance of Staqu’s unique AI- solutions in various domains, and the rise of the sector altogether. Over the years, Staqu has been at the forefront of the AI technology industry with its plug-and-play, video, and audio data analytics tool JARVIS. On direct lines, Staqu works with over 100 companies, including some of the most well-known brands, such as Chaayos, Embassy, Metro, Crocs, Olive, Borosil, JK Cement, Agrocel, and others. In addition, the company is working with Nine state governments to meet their needs for safety and security-based analytics.

Mr. Atul Rai, Co-founder and CEO of Staqu Technologies in a statement, said, “This fiscal year has been fruitful due to increased demand for our product portfolio as well as new customer acquisitions in new geographies. This is the reflection of our unwavering efforts to develop smarter security solutions for evolving businesses that require a high level of intelligence and automation to ensure continuous safety and security. Since video and image data account for 60-70% of all data on the internet, our goal is to take Staqu to the next level and serve as many industries as possible by deploying JARVIS to automate their operational processes.”

Staqu’s offering has piqued the interest of both the public and private sectors in Real Estate, Manufacturing, and Retail, as the brand employs cutting-edge methods of extracting valuable data from long CCTV video footage using artificial intelligence and computer vision to generate meaningful real-time warning messages. Retailers, for example, can use Staqu’s audio sentiment analytics at the Point of Sale (POS); bill vs cash payment identification; shop floor-based unique pedestrian traffic analysis; queue analytics to prevent waiting line turnovers; POS productivity analysis, and customer experience analytics within physical stores.

“Imagine, there is a retail store and the owner wishes to understand how many females walked into the store in a day, and of what age bracket. With JARVIS it is possible to have the data ready. Additionally, if a coffee shop owner wishes to understand the more likeable seating in his space in order to make more optimal use of the floor, then with JARVIS installed with the CCTV camera in the property he can easily understand the customer’s preferred seating and can maintain that, while simultaneously working on the less preferred ones,” added Atul.

Security solution by Staqu has innovative interactive features that have enabled organizations to grow at an exponential rate. Cameras outfitted with Staqu’s advanced video analytics tool JARVIS can provide critical insights while monitoring all the parameters in object detection, crowd analytics, violence detection, traffic violations, and identification of minor to major security issues that traditional cameras are incapable of detecting. Moreover, insights from 85+ analytics also significantly improve operational intelligence and accelerate situational awareness.

About Staqu

As a Gurgaon-based Artificial Intelligence start-up, Staqu strives to utilize technology in solving real-world problems. Founded in 2015, the company provides state-of-the-art image recognition, language-independent proprietary speaker identification, and text processing, including sentiment analysis, text classification, and summarization. Staqu was handpicked by the British High Commission as the Best AI Start-up in the country. Furthermore, triumphing at IBM’s Global Entrepreneur Program, Staqu has successfully raised investment from Indian Angel Network.

Staqu Raises INR 11 Cr in Funding Led by Mount Judi Venture and SIS; IAN Makes Partial Exit

The platform aims to utilise the funds to scale up its product development to meet rapidly increasing market demand in audio-video analytics and bolster its presence internationally and domestically

Building on its success and looking to expedite its growth further, Staqu, India’s leading AI implementation enabler who works in audio-video analytics and management solution on existing CCTV , has raised INR 11 Cr as part of its Pre-Series A funding round from Mount Judi Venture and SIS limited. IAN (Indian angel network) existing investor in Staqu took partial exit in the round. IAN had invested undisclosed amount in Staqu, in 2016.

In addition, the operationally profitable startup executed an employee stock ownership plan (ESOP) buyback worth INR 1.5 Cr to recognize and reward its employees’ contributions to the company’s growth.

Staqu will be utilising the freshly infused funds to fulfil the current demand for its innovative AI-based audio-video analytics technology JARVIS in the international and domestic markets. The newly raised capital will also be used to bolster the brand’s presence globally, build powerful AI propositions to solve the safety, security, and analytics problems.

Commenting on the occasion, Atul Rai, Co-Founder, and CEO of Staqu said “Staqu has been committed to bringing about a revolution across industries using its proprietary AI technology JARVIS. The latest funding will allow us to cater to the rising demand and scale our business. We are thrilled to have eminent investors who understand AI’s immense potential backing us in our journey. We aim to build a safer, smarter, and more efficient society with our offerings. We look forward to achieving our goals and expanding the business.”

Mount Judi Ventures (MJV), a boutique fund house founded by successful entrepreneurs and experienced professionals, was the lead investor of this round. "We are delighted that Staqu, with its innovative solution converting dumb to smart cameras, is the fifth investment by Mount Judi India Growth Fund. We are happy that in this funding round, Staqu was able to attract a strong strategic investor. Together, we look to fuel its growth across and beyond India" said the Managing Partner of MJV and Ex-CTO of Sun Microsystems, Mr. Sherif Kottapurath.

Mount Judi aims to invest in innovative Indian start-ups in early growth stage across MedTech / Healthcare, EduTech, Digital / IoT, Food, CleanTech, Trans & Logistics and offers equitable terms to both the investors and entrepreneurs.

Staqu intends to bring AI into day-to-day decision-making across industry using their ever-evolving research and engineering products JARVIS. Last year in August, Staqu partner with Embassy Group, one of India’s leading real estate development firms, to augment the perimeter security of real estate assets and infrastructure with the audio-video analytics capabilities of its AI platform JARVIS.

Staqu presently works with over 100 + enterprises and 9 state governments . Some of the clientele includes Rebel food, JK Cement, We Work, Olive Co-living, Embassy, Tata projects, Tata Consumer, Borosil, Future Consumer, GMR, TFS, Agrocel, Crocs etc including governments of Uttar Pradesh, Bihar, Rajasthan, Punjab, Chhattisgarh, Haryana, Uttarakhand etc.

About Staqu :

Staqu is a national award winning audio-video analytics and management (A-VA-VMS ) company founded By Atul Rai, Anurag Saini and Pankaj Sharma built JARVIS, its proprietary AI technology which works on existing cameras to automate the monitoring of people, process and property. Staqu catering to clients like Wework, Rebel Foods, Embassy, Tata Projects, etc. with SAAS business model.

Artificial Intelligence in Real Estate: Embassy Group to Leverage AI Startup Staqu’s Platform Across Its Properties

Its AI platform JARVIS to unlock a safe, secure, and more hygienic living experience at Embassy Group-owned real estate properties and infrastructure

Applications of JARVIS range from intrusion, fire, and violence detection to face mask detection, social distancing check, and crowd analysis

04, August, 2021, New Delhi : Staqu, India’s leading AI implementation enabler, has announced its partnership with Embassy Group, one of India’s leading real estate development firms. Following this move, Staqu will extend the audio-video analytics capabilities of its AI platform JARVIS to augment the perimeter security of real estate assets and infrastructure. It will also empower the real estate firm to enable optimal compliance with COVID-19 safety protocols.

Equipped with VMS (video management software) and VA (video analytics) technologies, JARVIS integrates with existing CCTV cameras to enable smart monitoring and analytics, thereby unlocking advanced security and safety of the perimeter and processes. Its implementation can allow society and/or site managers to detect, track, and resolve instances of perimeter intrusion, camera tampering, violence, fire, and entry of unidentified vehicles.

JARVIS is also upgraded with features aimed at minimizing and mitigating accidental transmission. Some of its top post-pandemic use-cases include face mask detection, social distancing check, crowd analysis, and hygiene compliances to ensure that people are adequately following safety norms and identify defaulters. Further, features such as Safety Gear/PPE Analysis, Queue Management, Demographical Analysis Footfall Analysis (Visitor Count), Heatmaps (Density Flow Analysis), Virtual boundary for perimeter security and Fire detection etc can accelerate and augment contamination efforts during emergencies.

Speaking on the partnership, Chirag Boonlia, CTO at Embassy Group commented, “In the post-pandemic era, beyond the orthodox application of Artificial Intelligence for visual analytics, the definition of safety has transcended to include measures aimed at both preventing and mitigating the spread of the virus. We are delighted to partner with Staqu whose advanced AI-enabled platform JARVIS is helping us to facilitate an efficient, secure, safer, and healthier on-site experience for our stakeholders.”

Atul Rai, Co-founder & CEO – Staqu Technologies “At Staqu, we aim to leverage cutting-edge technologies to solve real-world problems. In the post-2020 landscape, managing COVID-compliance has emerged as a non-negotiable priority alongside having a robust perimeter security framework in place. Through JARVIS, organisations now have the opportunity to achieve exactly that. We are delighted to associate with Embassy Group and look forward to bolstering the Group’s safety and security endeavour across all its real estate assets.”

JARVIS has found a wide range of applications across sectors including government bodies, law enforcement agencies, private players, and academic institutions. Staqu is currently serving more than 50 organisations including state governments of UP, Bihar, Rajasthan, Punjab, Chhattisgarh, Uttarakhand, Fassos, Piramal, Marico, Tata projects, Microsoft, JK cement, and Larsen & Toubro, among others.

About Staqu Technologies:

As a Gurgaon based Artificial Intelligence start-up, Staqu strives to utilize technology in solving real-world problems. Founded in 2015, the company provides state-of-the-art image recognition, language-independent proprietary speaker identification, and text processing, including sentiment analysis, text classification and summarization.

Staqu was handpicked by the British High Commission as the Best AI Start-up in the country. Furthermore, triumphing at IBM’s Global Entrepreneur Program, Staqu has successfully raised investment from Indian Angel Network.

For further information, please visit: www.Staqu.com

About Embassy Group

Founded in 1993, Embassy Group is one India's largest real estate conglomerates with a broad portfolio of over 62 million Sq. Ft. of prime commercial, residential and industrial space in India. Across all asset classes, Embassy lays strong emphasis on high standards of quality, delivery, world class service environmental management and safety. Embassy has partnered with global investors including Blackstone and Warburg Pincus at the group and project levels. In many areas, Embassy has been a pioneer of new practices; Embassy was a sponsor of India's first REIT, the largest office REIT in the Asia Pacific. As an extension of its vision to create world class urban infrastructure, the company has also contributed in the field of education. The group's community outreach program empowers over 25,000 children across 189 schools to create a positive social impact in India.

With These 3 Platforms You Can Push Your Startup Ahead Of Crowd

Building a startup is a long term affair and with thousands of startups taking off each year, it is essential to adopt the right tools to stay in the right direction. With the need to be frugal in their operations, it isn’t feasible for the startups to invest a fortune in the labour pool or on the technology or marketing front. Therefore, to kick start a small business, one would need access to the ideal set of tools tailored just to suit their needs.

Here is the list of the 3 platforms to push a startup ahead of the crowd.

CogniCor: Personalized Cognitive Customer Assistant / Chatbots

CogniCor Technologies is an AI based company delivering solutions that ease how people interact with technology. Whether it is negotiating a new bank loan, renewing your auto insurance or simply buying a travel ticket, the ability to have expert assistance is of great help. This is what CogniCor does, by enabling companies to respond to their customers’ questions instantly. A personalized cognitive customer assistant that can understand their needs and respond with information relevant to the customer, would translate into huge savings in operating expenses and efficiency for the business.

Staqu: Artificial Intelligence

For any problem that involves analyzing images and extracting valuable information from it, Staqu can provide a solution. Currently, they are caramelizing their research papers with thir team to churn their products for all their partners. Some of them include face recognition, gesture recognition, and emotion recognition, pose estimation, intruder detection, etc.

Indi: Engagement Commerce Platform

Indi is a global engagement commerce platform providing brands with unique opportunities to make real connections. Making interactive videos a game changer for fans, brands and business communication, Indi empowers both, individuals and brands, to create and monetize content and social media influence. With a view to revolutionize the present day digital media ecosystem, Indi is the platform of choice for brands seeking innovative ways for securing meaningful and interactive social media engagement. With Indi Interact, brands can create a safe and stunning media hub for boosting interactions and engagements with fans and customers, alike.

Indian Angel Network Invests in Staqu, an AI Based Research Venture

Indian Angel Network (IAN), Indian angel investor network, announced undisclosed investment in Gurgaon-based Staqu, an Artificial Intelligence (AI) focused research startup working in automated image understanding technology. Bikky Khosla, Neeraj Singal and Ajay Gupta led the round on behalf of IAN. The funding will be used to further build and democratize technology and strengthen the team.

Staqu, founded in 2015, comprises of researchers and engineers as a part of its core team.

Atul Rai, co-founder and CEO said, “We plan to invest this round to expand the computational strength of our VGrep Lab (AI research lab at Staqu) and fuel it with clusters of GPUs and other technical resources. Currently, we are applying our research to solve pressing problems in the e-commerce sector. In the near future, we are planning on use it to address issues across other market segments, too. Throughout the funding process, our ideas were constantly cross-questioned, which helped us set a clear vision and goals.”

Staqu’s key focus areas include image processing, deep learning, computer vision, NLP and overall improvement of users’ daily mobile experience through an amalgamation of AI and engineering.

The core strength is to convert our research into product and solve some of the very crucial real world problems. Recently the team has developed a bidirectional image understanding technology i.e. automated image to text and text to image discovery. It’s a combination of various reinforcement based deep learning algorithms which require only images to learn and develop their own understanding. This research is a huge step towards understanding and extracting information from images that will smoothen the traditional search tasks. We consider this research as one of the ground breaking technologies which will change the way people treat images.

Bikky Khosla, IAN Lead member who will be joining Staqu’s board said, “IAN is extremely excited about Staqu and its proposition. Search is becoming very complex and consumer experience demands precise results of articles being searched. Staqu AI engine is the best that we have seen and can help increase the sales of it's e-commerce customers by delivering superior customer experience. It can also create alternate revenue streams for its OEM customers. The team is rock solid with background in research and product development. We look forward to be a part of Staqu’s journey to deliver a true global product from India.”

Staqu enables automation of some of the crucial tasks for e-commerce companies which include image search, tag generation, real time recommendation. The solutions include the VGrep API Suite that comprises of products such as visual search engine and hybrid recommendation engine.

Staqu was also chosen in top four by IBM’s Global Entrepreneur Program as part of their Smart Camp challenge as one of the most promising B2B startups in their Regional round, North India region.