Connect with us

News

Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office

info

Published

on

GettyImages 1452604857.jpg

Indian serial entrepreneur Bhavin Turakhia is making a $30 million personal bet that there is still room for another enterprise AI company. His new venture, Neo, is built on a simple premise: workplace software designed before the AI era cannot simply be upgraded with chatbots — it has to be redesigned from the ground up.

Turakhia, 46, is no stranger to ambitious enterprise technology bets. Over the past two decades, he has co-founded companies including Directi, Radix, Titan, and banking software firm Zeta, largely backing them with his own cash before bringing in outside investors. He’s doing the same with Neo.

Turakhia told TechCrunch he is bootstrapping this much money because he believes AI marks a technology shift significant enough to justify rebuilding workplace software from scratch.

“If you want to build an iPhone, you can’t take the parts of a Nokia and somehow convert it into an iPhone,” he said.

Launched internally in April this year, Neo is an enterprise work platform that combines project management, documents, file storage, and AI into a single product. The goal, Turakhia said, is to make AI an active participant in day-to-day work rather than just another assistant employees turn to separately.

Turakhia argued most incumbents face a structural disadvantage when adding AI to products designed before generative AI. Neo, he said, was designed from the ground up for AI and is model-agnostic, allowing enterprises to switch between AI models rather than being tied to a single provider.

He’s not alone in thinking this way. Investor Chamath Palihapitiya initially launched enterprise AI coding venture 8090 with his own capital before raising a $135 million funding round this week.

Still, Turakhia’s bet comes as enterprise AI has emerged as one of the most competitive areas in technology. Microsoft, Google, and Salesforce are embedding AI across their workplace software. Meanwhile every startup from the giant labs like Anthropic and OpenAI, to the productivity companies like Notion and Superhuman are racing to reshape how businesses use AI in their daily workflow.

Turakhia argued enterprise software has never been a winner-takes-all market, saying even a small share of global enterprise AI spending would represent a sizeable company.

“Even if we end up with 2% to 5% market share, that’s larger than anything I’ve built so far,” he said.

For the past few months, Neo has been in internal use across Turakhia’s companies, including Zeta. The company plans to begin rolling out the software to mid-sized businesses in the coming months, initially targeting knowledge workers across technology, consulting, and professional services firms.

Turakhia said Neo’s initial platform was built in three months, with AI extensively used in the development process, work he estimates would have taken more than a year with a much larger engineering team before generative AI.

The Bengaluru-based startup currently employs about 45 people, including 18 engineers. Turakhia told TechCrunch that it expects to grow to around 100 employees by the end of the year, with most new hires focused on AI and software engineering.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

2027: APP prepared to contest elections in lmo – Njesi

info

Published

on

By

Action Peoples Party.jpg

The Action Peoples Party, APP, in Imo State says it is fully prepared to contest the 2027 general elections and believes it will win.

During a press conference in Owerri, the party’s chairman, Chief Ernest Njesi, said the party has already uploaded all its candidates to INEC.

These include 3 candidates for the Senate, 10 candidates for the House of Representatives, and 27 candidates for the Imo State House of Assembly.

He said the party will continue visiting communities across Imo State to encourage people to support the APP and educate voters about its programmes.

Njesi also announced that the party’s leader in Imo State, Dr Chima Matthew Amadi, plans to contest for the Imo East (Owerri Zone) Senate seat in 2027.

He added that after the Senate election, Dr Amadi intends to pursue his ambition of becoming the Governor of Imo State.

The APP leadership also condemned what it described as an attack on its state secretariat and the destruction of one of its billboards.

The party alleged that political opponents were responsible and said such actions would not stop it from participating in the elections.

The party’s Publicity Secretary, Amb. Steve Nnadi, called on journalists to report the truth without fear and urged Imo residents to support and vote for the APP in the 2027 elections.

“The APP is telling the people of Imo State that it is ready for the 2027 elections, has chosen its candidates, believes it can win, and says it will not be intimidated by alleged political attacks.”

Continue Reading

Health

WHO launches seven-point strategy to curb global drowning deaths

info

Published

on

By

WHOGeneva021.jpg

MTN ADVERT

The World Health Organisation (WHO) has launched a new technical package containing seven proven strategies to help governments and communities prevent drowning, one of the leading causes of death among children globally.

The initiative, known by the acronym PROTECT, was unveiled ahead of World Drowning Prevention Day, observed annually on 25 July.

In a statement issued on Thursday, WHO said nearly 300,000 people die from drowning every year, making it one of the 10 leading causes of death among children aged five to 14 years worldwide.

WHO Director-General Tedros Ghebreyesus described every drowning as a preventable tragedy and urged governments to adopt practical, evidence-based measures to save lives.

Mr Ghebreyesus said preventing drowning requires coordinated action across sectors rather than the efforts of a single ministry.

PT WHATSAPP CHANNEL

“The seven measures are packaged under the acronym, PROTECT, translating the Global Strategy for Drowning Prevention into practical policy guidance for countries,” he said.

According to him, the package focuses on safer physical infrastructure around water, improved rescue and resuscitation services, occupational safety for water-related work and stronger safety standards for water transport.

It also promotes swimming and water safety education, stronger childcare and safeguarding systems, and better preparedness for floods and other emergencies.

Mr Ghebreyesus said WHO launched the PROTECT package in Ghana in recognition of the country’s growing commitment to drowning prevention and efforts to improve water safety.

He said it estimated that more than 1,100 people died from drowning annually in Ghana, equivalent to approximately three deaths every day.

READ ALSO: Nearly 2.7 billion people cannot have healthy diet – WHO

Mr Ghebreyesus said that children and young adults accounted for the highest burden.

WHO boss said that Ghana’s leadership demonstrated how evidence-based policies could reduce drowning deaths and encouraged other governments to adopt similar preventive measures.

Kelly Henning, who leads the public health programme at Bloomberg Philanthropies, said the framework would save lives, while strengthening global efforts to reduce drowning through proven interventions.

Mr Henning said that since 2014, Bloomberg Philanthropies had partnered with WHO on drowning prevention.

World Drowning Prevention Day theme, “Unite to Turn the Tide,” calls for coordinated action by governments, partners and communities to prevent drowning and save lives.

(NAN)


Continue Reading

Trending