After over a decade in investment banking, Job Philips decided to follow his passion for AI-human collaboration in 2019. His journey to entrepreneurship started three years earlier, in 2016, when he had to extensively travel with one of his portfolio companies to China.
“At the time, artificial intelligence (AI) was a theoretical concept for many,” he tells YourStory.
He recalls, “Everything revolved around facial recognition, which fascinated me. The advancements they were employing to recognise and analyse various aspects were remarkable.”
Upon his return, Philips became convinced that this technology could stand alone in terms of its capacity and impact. This is what sparked the idea for Assert AI, which he co-founded in 2019 with Nithin Jain, whom he had met at a hostel while studying at IIT-Bombay.
With over 15 years of experience, Jain has a diverse background with stints as a consultant and business researcher at companies such as Capgemini and PerkinElmer. He also has several startup experiences, with his most recent role being the Founder and CEO of hyperlocal advertising platform Machadalo.
Mumbai-based Assert AI offers Software-as-a-Service (SaaS) solutions infused with AI for comprehensive video analytics across diverse business sectors, enterprises, and corporations. It aims to solve the main issue of bringing on-premise AI (Computer Vision) for businesses on scale.
In simpler words, Assert AI makes “millions of cameras inside the industrial set-ups smart”.
For example, its technology aids supply chain management with precise tracking, optimised inventory control, and predictive maintenance using CCTV as well as........