Venture capital firm Accel announced eight pre-seed startups building in the AI and Industry 5.0 domains, for the third cohort of its accelerator program, Atoms. The cohort includes startups such as Spintly, Asets, Tune AI, Skoob, Arivihan, and Meritic.
Accel’s Atoms is a six-month pre-seed accelerator program, where the cohort receives up to $500,000 in funding, access to perks from Accel’s network partners, personalised mentorship and the opportunity to collaborate with founders from past Atoms cohorts and portfolio companies.
The 24 startups, which were part of the two previous Atoms cohorts, have raised over $200 million in funding since the launch of the program, the firm said. The third edition of Atoms shifted from being sector-agnostic to focusing on AI and Industry 5.0. Prayank Swaroop and Barath Shankar Subramanian, partners at Accel, lead the AI and Industry 5.0 domains respectively.
“The shift to a thematic program design for Atoms 3.0 has enabled us to provide deeper, sector-focused mentorship for the startups. Atoms has always restricted itself to smaller cohort sizes to stay hyper-focused on the needs of a smaller group of exceptional founders,” said Prayank Swaroop.