In 8 months, Indian startup FaceX received 94% accuracy of facial recognition.
Indian Startup FaceX is working with a team of 8 people on an exciting field of face recognition, which includes Data Scientist, Expert and Professional Development. FaceX provides face-to-face detection and face recognition which will integrate into your application with some lines of code. It also integrates face detection, gender, age recognition, face matching and face-id from your app via API call. Currently, they are working with their platform to achieve spoof detection and liveness detection, which rarely some companies practice.
Google invites Indian startups for second launchpad accelerator program.
Google India opened an application for the second category “Launchpad Accelerator” on Wednesday. The last date for the application is January 31, 2019. Under this program, the selected startups in Bangalore, who are using Artificial Intelligence and Machine Learning to solve the needs of India will undergo an intensive in-person mentor-ship boot-camp, followed by customized support for three months. According to Google, the list of selected startups will announce in February 2019. Google said – Startups will also receive Google Cloud Cents from Rs. 14 lakh 6 thousand 9 hundred – up to Rs. 70 lakh 34 thousand 7 hundred 50 each.
PayU India has registered 92% revenue growth in the financial year 2018
The Indian subsidiary of Netherlands-based PayU, the payments arm of tech investor Naspers, according to the company’s filings accessed via business intelligence platform Tofler. PayU India, recorded a jump of 92% in revenue in the financial year 2018, reaching Rs. 3 hundred 11 crores 80 lakh 26 thousand 7 hundred 50 from Rs. 5 hundred 96 crores 10 lakh 16 hundred this year before. In India, PayU claims to cover nearly 60% of the airline business and 80% of the entire e-commerce business. PayU claims that records over Rs. 74.52 worth digital payments per month in India on its platform.