Accel, a global venture capital firm, has unveiled 8 start-ups from the third cohort of its accelerator program, Atoms. The program’s first sector-focused cohort, Atoms 3.0, backs pre-seed startups building in the AI and Industry 5.0 domains.
The third edition of the program, Atoms 3.0, shifted from being sector-agnostic to thematic, focusing on AI and Industry 5.0. Prayank Swaroop and Barath Shankar Subramanian, partners at Accel, lead the AI and Industry 5.0 domains respectively.
The four AI start-ups that are part of Atoms 3.0 are: Tune AI, a GenAI stack for enterprises; Skoob, a generative AI platform for reading; Meritic, a storytelling co-pilot for financial planning and analysis; and Arivihan, an AI-based, fully automated learning platform.
The two Industry 5.0 start-ups in this cohort are: Spintly, an IoT platform for smart buildings; and Asets, a multidisciplinary CAD, simulation and engineering design platform. The cohort was launched with a four-day long kickoff program that included an AI summit with over 200 AI founders and operators, and an Industry 5.0 customer connect.
The cohort receives up to $500,000 in funding, access to perks worth more than $5M from Accel’s network partners, personalised mentorship, and the opportunity to collaborate with a strong peer community of founders from past Atoms cohorts and Accel’s network. Basically it's a 6-month pre-seed accelerator program.
"The zero-to-one journey presents the most formidable challenge for entrepreneurs, as every decision can completely alter the trajectory of your business. Our mission with Atoms is to ensure founders have the best odds at success and can make those mission-critical decisions with insight from the world’s best domain experts. Meetings facilitated via the program have helped the 3.0 founders onboard new, large customers,” said Barath Shankar Subramanian, Partner at Accel.
Accel has held more than 100 learning sessions led by experts from companies like Google, AssemblyAI, and Langchain, mentor connects, and community gatherings across the Atoms cohorts, reads a company statement. The 24 Atoms start-ups from Atoms 1.0 and 2.0 have together raised over $200 million in funding till date.
