Latest news with #ThoreNetwork
Business Standard
24-07-2025
- Business
- Business Standard
Thore Network : Charting a New Era in AI Innovation in India
New Delhi [India], July 24: Thore Network PVT LTD is positioning itself at the intersection of artificial intelligence and blockchain, under the stewardship of founder and CEO Alok Kumar and co-founder and Managing Director Prashant Kolhe. Launched in 2018, the company has rapidly built a multi-vertical AI ecosystem—from language computing to cybersecurity— aligned with the Government of India's AI India Mission. Founding Visionaries Alok Kumar (CEO and Executive Chairman ) with over a decade of experience in equity markets and blockchain/digital assets, is the driving force behind Thore Network's ambitious vision. An award-winning innovator, Kumar has received numerous accolades for AI research and product development, His dual expertise in financial markets and cutting-edge technology underpins Thore's mission: 'To democratize access to AI and computing resources, empowering everyone from students to large enterprises to solve real-world problems.' Prashant Kolhe (Co founder, MD and Vice Chairman) As Co-founder and Managing Director, Prashant Kolhe brings over 25 years of formidable investment banking experience from his tenure at Axis Capital (formerly ENAM). Throughout his distinguished career, he has led and executed more than 200 transactions across diverse industries, demonstrating proven expertise in the full spectrum of investment banking—from end-to-end deal execution to strategic client advisory. In 2025, Mr. Kolhe has fully dedicated himself to Thore Network, focusing on building it into a future-ready organization. His primary mission is to establish strong institutional foundations, drive long-term value creation, and strategically position the company for a successful public listing. Empanelled for National AI Priorities Aligned with the Government's AI India Mission, Thore Network has been empanelled in two flagship programs: Bhashini AI, India's multilingual language-computing initiative, and the NCIIPC challenge on 'LLMs to Detect Vulnerability in Open-Source Software.' Thore's R&D team has developed an advanced LLM-based tool that scans source code for security vulnerabilities in real time and generates actionable mitigation strategies—helping Indian software firms shore up their cybersecurity defenses. Microsoft Azure Founders Grant & Cloud AI Partnership Recognizing Thore's innovative potential, Microsoft Cloud awarded the company a $150,000 Founders Grant in Azure credits. This partnership enables Thore to access state-of-the-art GPU instances for training large language models, scale AI inference workloads seamlessly, and integrate Azure's AI services—slashing development cycles and time-to-market. AI-Driven Road Safety Initiative Beyond enterprise solutions, Thore Network is piloting MaargAI, an AI-powered road safety platform that fuses live traffic-camera feeds, weather data, and historical accident records to produce predictive risk heatmaps. Municipal authorities and emergency responders can use these insights to optimize resource deployment, improve signage, and send real-time alerts to drivers— aiming to reduce traffic fatalities and congestion. Thore GPU Credit Marketplace: 'Uber for GPUs' Visit At its core, Thore Network operates a peer-to-peer GPU Credit Marketplace, likened to an 'Uber for GPUs.' This decentralized platform connects organizations and researchers in need of GPU compute with individuals and entities offering idle GPU capacity, creating a usage-based economy for high-performance computing. Early adopters report cost savings of up to 40% versus traditional cloud providers, while GPU suppliers monetize underutilized hardware during off-peak hours. With its robust pipeline spanning language technology, cybersecurity, public safety, and decentralized compute services, Thore Network PVT LTD—under the leadership of Alok Kumar and Prashant Kolhe—is rapidly emerging as a cornerstone of India's AI landscape, delivering both social impact and strong commercial potential.
Time of India
03-06-2025
- Business
- Time of India
Thore Network doubles down on multilingual AI with major investment in India tech infrastructure
As India strides confidently into the era of digital inclusion, one company has been quietly building the pipes for an AI-powered, multilingual future. Thore Network Pvt. Ltd., an 8-year-old pioneer in blockchain and digital assets, is now turning its attention toward Indic language AI infrastructure, investing in platforms that bridge India's rich linguistic diversity with modern technology. With over 1.4 billion citizens and hundreds of dialects, India presents a unique challenge—and opportunity—for artificial intelligence. While global players dominate English-centric models, India's next tech leap lies in what experts call ' Sovereign AI ': solutions trained on local data, dialects, and cultural context. Thore Network has announced three flagship initiatives that aim to contribute to this vision: Insights AI: A multilingual search and discovery platform designed for context-aware results in Indian A dialect-first language translation and communication app, built for daily vernacular ChatBot: A native-language chatbot assistant tailored to Indian service sectors and regional queries. While not explicitly a government project, these initiatives align closely with the Bhashini framework under India's digital language inclusion efforts. 'For us, Mailjol isn't just a product. It's a philosophy of interconnectedness — making sure no language is left behind in the digital age,' said Alok Kumar, Founder & CEO of Thore Network. Organizational Restructuring & Funding Commitment Thore Network recently underwent a significant organizational overhaul, restructuring as an equity-holding company with plans to open its cap table to private placement in Q1 2025. The firm has committed an initial $500,000 to its AI language verticals, and is reportedly in active discussions for grant support and private venture capital to further scale its initiatives. 'We believe this investment is not just strategic—it's cultural. There's a responsibility to build for Bharat, and we're taking that seriously,' added Kumar. In parallel, Thore Network is preparing for a pilot rollout of an AI-based road safety and emergency response system, starting with select states. The mobile platform will integrate real-time toll tracking, driver alerts, and voice-based assistance, especially for non-English users—marking another step in their vision for citizen-first AI. Vice Chairman and Whole-Time Director Prashant Kolhe, known for his role in over 100 successful IPOs, commented on the company's roadmap: 'Our balance sheet is clean, our tech is maturing, and we've shown product-market fit in crypto and now AI. If everything aligns, 2027 could be our listing year,' Kolhe noted. 'We didn't pivot — we evolved. AI is the next logical extension of our blockchain base. Language is infrastructure,' Alok Kumar, Founder & CEO – Thore Network said. 'Execution. Building the trust layer. And reaching the next 500 million users — not in English, but in Bhojpuri, Tamil, and Konkani. We're bootstrapped, profitable, and now opening up for like-minded investors who understand Bharat's tech future. Thore Network continues to build at the intersection of decentralized infrastructure and human-centric AI, staking its claim in India's next tech decade, " He added.
