Celebrating Aletheia-AI: Accelerating Asia’s 9th Cohort Selection
In the ever-evolving realm of tech startups, where groundbreaking ideas and innovation fuel extraordinary growth, we’re thrilled to introduce you to the latest stars of Accelerating Asia’s ninth cohort. Among these rising tech champions, Aletheia-AI stands out not only as a pioneer in its field but also as a beacon for Pakistan’s thriving startup ecosystem.
Aletheia-AI has proudly secured its place in Accelerating Asia’s prestigious accelerator program, joining a portfolio of nearly 80 startups, all of which have successfully raised capital and achieved remarkable 3x growth during the program’s intensive 3-month duration. This is no small feat, considering that out of 600 applicants, only 8 were selected for the coveted 9th cohort, and Aletheia-AI proudly represents Pakistan among this elite group.
In the 9th cohort, there’s one shining star from Pakistan – a remarkable achievement for the nation’s startup landscape.
Accelerating Asia
Meet Aletheia-AI: Pioneering Real-World Solutions
Aletheia-AI is one of the remarkable few chosen for this prestigious program. They’re on a mission to tackle real-world business problems using cutting-edge technology like Machine Learning, Computer Vision, Edge Computing, and the Internet of Things. Aletheia-AI’s vision is to unlock the treasure trove of data available to brick-and-mortar businesses through existing CCTV infrastructure. This turns ordinary cameras into goldmines of information, providing businesses with valuable insights to boost sales, enhance customer experiences, and minimize operational inefficiencies.
Mohsen Ali – Co-founder
Accelerating Asia: Where Tech Triumphs
Accelerating Asia isn’t just your typical venture capital fund. It’s a springboard for startups aiming to make a significant impact in the tech world. They’re not just about financial gains; they’re dedicated to fostering profitability, growth, and, most importantly, positive change.
What You Can Expect from the Accelerating Asia Program
Investing in Innovation:
Accelerating Asia offers significant financial support, investing up to US$250,000 in each selected startup. This financial boost provides a solid foundation for these startups to bring their amazing ideas to life. The funding consists of an initial US$100,000, with the potential for an additional US$150,000 in follow-on funding, ensuring these startups have the resources needed to thrive.
🚀 Ready to shape the future? Be a part of the next tech success story! Accelerating Asia is looking for visionary startups for its April 2024 cohort.
April 2024 cohort | Accelerating Asia
Guidance and Mentorship:
But Accelerating Asia’s support doesn’t stop at financial backing. Their program offers startups personalized advice and guidance on essential areas like growth strategies, business models, scaling, fundraising, and marketing. Through one-on-one sessions, enlightening masterclasses, valuable investor connections, and Demo Days, the goal is to supercharge these startups toward success, with a target of achieving 10x growth in just 100 days.
Global Network:
The startups fortunate enough to be part of Accelerating Asia’s program gain access to a special global network of founders, mentors, partners, and investors. This diverse and far-reaching network plays an essential role in expanding the startups’ reach and magnifying their impact on a global scale.
A Pledge to Long-term Success:
What sets Accelerating Asia apart is its unwavering commitment to forming long-term partnerships with the startups it champions. The support doesn’t fizzle out when the program concludes; it persists post-program, guaranteeing that startups always have a guiding hand to navigate the intricate landscape of the tech world.
Investment Terms:
Beyond the funding, Accelerating Asia assists startups in business validation and international exposure. This strategic approach helps startups find the right investors who share their vision and growth trajectory. The investment framework encompasses up to US$250,000 through a SAFE note, alongside an additional program fee of US$35,000 and 3% equity. This investment structure is on par with or even surpasses that of other international accelerators, making Accelerating Asia an enticing choice for ambitious startups.
Aletheia-AI Leads the Way: A Pakistani Trailblazer
As Accelerating Asia ushers in its ninth cohort, one standout startup in this group is Aletheia-AI. Their mission to empower brick-and-mortar businesses with untapped data insights aligns with the spirit of innovation that Accelerating Asia nurtures. And here’s the exciting news: Aletheia-AI is the only Pakistani startup in this cohort, making this a remarkable milestone for the Pakistani startup ecosystem.
In Conclusion: An Expedition of Innovation
Accelerating Asia isn’t just a program; it’s a journey of innovation, mentorship, and transformative growth. As Aletheia-AI and the other startups in the ninth cohort embark on this exciting journey, we eagerly anticipate the technological breakthroughs and positive transformations they’ll bring to the world.
Join the Innovation Journey
If you’re looking for the next generation of tech pioneers, your quest ends at Accelerating Asia. This is only the beginning, and the realm of possibilities is limitless.
Apply here: Join the Innovation Journey
