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You are at:Home » AI startup: Tech veteran leaves C-suite for AI work
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AI startup: Tech veteran leaves C-suite for AI work

Adnan MaharBy Adnan MaharDecember 26, 2024No Comments3 Mins Read0 Views
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Top executives at many tech companies are joining the AI ​​bandwagon. Senior executives who have led top multinational companies such as HP, Dell-EMC, and NTT are either relinquishing coveted CXO positions or leaving the field to start their own ventures. Most of them are supported by GenAI. Sharad Sanghi, founder of NetMagic, former managing director of NTT India, the country’s largest data center company, has launched AI cloud venture Neysa, which already has the backing of a US-based venture capital firm. Ta. NTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners.

Similarly, Rajiv Srivastava, former President and COO of HP India in APAC and Japan and CEO and MD of Redington India, is the former head of EMC-Dell and Zebra Technologies, respectively. Joined by Rajesh Janey and Rajnish Gupta. Launched AI/ML company CoreOps.AI. The fourth founder of CoreOps.AI is Ankur Sharma, founder and CEO of US-based TaxSpanner (acquired by Zaggle).

Similarly, Ankur Jain, former chief product officer at BharatPe, made the leap from fintech to healthcare by launching Jivi AI. Backed by Andrew Ng’s AI Fund, Jivi is building medical assistants for patients and doctors. Dale Vaz, a veteran Amazon and Swiggy executive, co-founded the AI-driven stock trading platform Sahi, which uses GenAI in several use cases.

“It’s time for people like us to make a real impact, as each of us has built big companies and grown them in India from small to large,” he said after nearly 40 years. said Srivastava, a career former HP executive. experience.

“If you look at the history of technology in India, everyone has competed on either labor or cost. There hasn’t really been much innovation. New technologies, especially AI, have given us the ability to innovate. We’re betting on a huge opportunity to create products” — and balanced companies coming out of India. ”

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Headquartered in Noida, CoreOps.AI has partnered with SAP and Salesforce and is currently bootstrapped. “It’s exhilarating and exciting, but also exhausting,” said co-founder Janey, who employs nearly 40 people and recently signed on with two major customers.

In 2022, Sanghi, then CEO of NTT Global Data Center Business, realized the potential of GenAI cloud and GPUs. He tried to persuade NTT’s management to enter the field early.

“Unfortunately, for some reason, that didn’t happen. So I thought it was time for me to do it. Maybe we could start on our own. And that’s when we decided to create Neysa That’s how we started – myself and co-founder Anindya Das,” he said. Mr. Das was NTT’s deputy head of engineering.

Sanghi, who founded Netmagic in 1998, agreed: “It’s great to be back in the startup culture.” Netmagic was acquired by NTT Japan in 2012, making it the first company in the data center space in India.

Asked about the transition, Sanghi said, “Of course, things are very different. Big companies have legal teams, product teams, and they just ask and things get done. But in a startup, we’re only 31 years old. People who are motivated.”

Ankur Jain, co-founder of Jivi AI, had a similar transition experience.

“I think the biggest challenge was a mindset shift. I learned more about myself in my first 90 days as a founder than I did in years as CPO,” he said.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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