NetApp Announces Graduation of First Startups From The Company's NetApp Excellerator Program
Among successes of the participating startups, Scalend Technologies becomes a NetApp Alliance Partner; others reap benefits from mentoring, investor and enterprise connections - Second cohort call for applications open to data-driven startups
Today, NetApp, the data authority for the hybrid cloud, announced the graduation of its first cohort of six startups during the NetApp Excellerator Demo Day. Located in the heart of Bengaluru's technology neighborhood, the NetApp Excellerator program is NetApp's first-ever startup accelerator, designed to help enterprise startups to achieve their full potential through mentorship with one of it's largest R&D teams.
"NetApp mentorship helped us focus our market research, and identify the right target market and customers we could go after," said Ravi Madhira, CEO, Scalend Technologies, one of the startups graduating from the NetApp Excellerator. "Offering us the support of its large and experienced sales machine, NetApp made the program even more compelling. Our new-found status as a NetApp Alliance Partner has given us a sure foothold in the data-driven enterprise domain."
The first NetApp Excellerator Demo Day event commemorated the completion of the first cohort, all six participating startups - Lightmetrics, Adya, Vaultedge, Vitacloud, Enclouden and Scalend Technologies, demonstrated their achievements and progress to venture capitalists, with NetApp executives and prominent industry leaders present. Sports icon and entrepreneur, Anil Kumble, was the guest of honor for the demo day event held at the NetApp campus in Bangalore, yesterday. The event marked the culmination of the first cohort's technology and market acceleration journey. Now as alumni, the startups will have continued access to mentorship and go-to- market opportunities with NetApp, as well as eco-system connects. They will also share their experiences with startups in the future cohorts.
"With our rich history of innovation and expertise in data management, we have been able to provide the right mentorship, both technical and sales related to the startups in our first cohort. We leveraged expertise from across NetApp to help the six best startups selected from the 250 applications received. In addition, we got them the best-in-class global industry experts to help them qualify the target markets better and supplement their technical capabilities," said Ajeya Motaganahalli, Director and leader of the NetApp Excellerator program.
Strong mentorship helps build credibility and confidence for the participating startups. For example, during their time in the program, one participant, Adya, raised an angel round of funding to the tune of USD 250,000.
Commenting on the program Deepak Visweswaraiah, Senior Vice President & Managing Director, NetApp India said, "Mentoring the startups in our very first cohort was a valuable learning experience for us. It allowed us to reconnect with the startup that we remain at heart. We will continue to support the startups through the NetApp Excellerator program and provide them with the best ecosystem to achieve success."
Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.
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