Here are India’s biggest AI startups based on how much money they’ve raised https://zurl.co/YhZS #ai #genai #startups #funding
Michael Fauscette’s Post
More Relevant Posts
-
Founder & Editor @Gyaanleikh | Investment Banking Analyst | Blogger & Freelancer | Content Creator @LinkedIn with 700K+ impressions | Recruitment Marketing & Employer Branding
In India, funding for AI startups — including those working on infrastructure and services — dropped nearly 80% in 2023 to $113.4 million from $554.7 million in 2022, according to the Tracxn data shared with TechCrunch. In contrast, AI startup funding in the U.S. grew about 211% to $16.2 billion last year from $5.2 billion in 2022. To date, AI startup investments have hit a whopping $13 billion in the U.S. In that same period, just $92 million has been invested in Indian AI startups. https://lnkd.in/gEyDrGE7
India’s Biggest AI Startups Based on Funding Raised
gyaanleikh.blogspot.com
To view or add a comment, sign in
-
Product Manager and Chief of Staff, Cicada Technologies, Inc. | Former Morgan Stanley Capital Markets | FinTech Innovation Leader | Personal & Professional Growth Expert | Company Culture Management
AI is taking a larger slice of the investment pie in American startups, with over 25% of funding heading towards AI-related companies this year. I believe the rise of AI might soon make it a ubiquitous, assumed component of every startup's toolkit. #AI #Investments #Startups
AI’s Share Of US Startup Funding Doubled In 2023
news.crunchbase.com
To view or add a comment, sign in
-
🚀 Empowering India's AI Landscape: SenseAI Ventures Launches $25M VC Fund 🚀 SenseAI Fund I, with a substantial target corpus of INR 200 Cr ($25 Mn). 🌐✨ Key Highlights: 🎯 Investment Focus: The fund is set to bolster 18-20 AI-first startups, spanning the spectrum from seed to Pre-Series A stages. The strategic vision includes follow-on investments to nurture and propel the growth of portfolio companies. 💼 Portfolio Sectors: SenseAI Ventures has already etched its presence in pivotal sectors such as AI SaaS, AI B2C, and AI Tools. Noteworthy portfolio companies include CureSkin, Tripeur, Jovian, and Skit. 🌐 Market Landscape: As per a recent Inc42 report, India's generative AI market is on a trajectory of substantial growth, projected to exceed $17 Bn by 2030. With over 70 generative AI startups collectively securing $440 Mn between 2019 and Q3 2023, the AI landscape is undergoing a transformative phase. 🔍 Google's Continued Interest: Global tech giant Google's recent investment in Corover and reported plans for an additional $4 Mn equity investment with the upcoming launch of BharatGPT highlights the global interest in India's GenAI space. 📈 Innovation Prowess: India's AI sector is witnessing a surge in diverse technology stacks, with pioneers like Binny Bansal gearing up to launch an AI-as-a-service startup and Lenskart's strategic acquisition of AI-powered analytics startup Tango Eye in October. With the imminent launch of BharatGPT by CoRover.ai, the Indian AI landscape is poised for a paradigm shift, supported by strategic investments and groundbreaking solutions. Let's applaud SenseAI Ventures for their pivotal role in shaping the future of AI in India! 🚀🌐✨ Link: https://lnkd.in/g67dK4AC #AI #VentureCapital #Innovation #Startups #TechInIndia #AIInvestment #FutureTech #SenseAIVentures #BharatGPT #GoogleInvestment
To view or add a comment, sign in
-
While funding to AI-related startups remains strong, there are some numbers that may be showing investors are getting some AI fatigue. In particular, deal-making volume seems to be slowing in the second quarter. Not surprisingly, it is the earliest funding rounds at the root of the slowdown. #vc #startups #ai https://lnkd.in/gx4eCFEw
Early AI Funding May Be Showing Some Cracks
news.crunchbase.com
To view or add a comment, sign in
-
While funding to AI-related startups remains strong, there are some numbers that may be showing investors are getting some AI fatigue. In particular, deal-making volume seems to be slowing in the second quarter. Not surprisingly, it is the earliest funding rounds at the root of the slowdown. #vc #startups #ai https://lnkd.in/gx4eCFEw
Early AI Funding May Be Showing Some Cracks
news.crunchbase.com
To view or add a comment, sign in
-
📈 AI's share of U.S. startup funding doubles in 2023! Despite a 50% YoY drop in overall venture funding, AI startups like OpenAI and Anthropic are thriving. Is AI becoming the new norm rather than a differentiator? #AI #Startups #Funding
AI’s Share Of US Startup Funding Doubled In 2023
news.crunchbase.com
To view or add a comment, sign in
-
Exciting News in the Tech Sphere! We are thrilled to announce that Bhavish Aggarwal's AI venture, @Krutrim SI Designs, has reached unicorn status with a $1 billion valuation, following a stellar $50 million funding round led by Matrix Partners India! This groundbreaking achievement makes Krutrim the first AI unicorn in India, marking a historic moment for the nation's startup ecosystem. The company's rapid ascent to unicorn status is a testament to its innovative AI solutions, and the confidence investors place in its ability to drive global change from India. Showcasing Krutrim's swift trajectory and status as the fastest startup to achieve unicorn status. The unicorn club just got a new member, and it's a testament to the incredible growth potential in the Indian tech landscape. Krutrim SI Designs, incorporated in April last year, boasts Tenneti Venugopala Krishnamurthy as a co-founder, adding a wealth of experience to the leadership team. The startup secured $24 million in debt from Matrix Partners in October 2023. The AI models Krutrim Krutrim and Krutrim Pro developed showcase proficiency in 22 Indian languages and offer a multi-modal solution for enterprise applications. With this fresh capital injection, Krutrim SI Designs is poised to drive further innovation and expand its global footprint, aiming to revolutionize the AI landscape. This achievement adds another feather to Bhavish Aggarwal's cap, joining the ranks of his previous successes with Ola and Ola Electric. It's a testament to the entrepreneurial spirit and innovation flourishing in India's startup ecosystem. Cheers to Krutrim SI Designs, the latest unicorn in town! Let's continue to push the boundaries of innovation and put India on the global tech map! https://lnkd.in/gpDnXigZ #Krutrim #AIUnicorn #TechInnovation #StartupSuccess #BhavishAggarwal #MatrixPartners #GlobalTechMap
Krutrim SI Designs Emerges as India’s Newest AI Unicorn with $50 Million Funding Round.
https://www.indianstartuptimes.com
To view or add a comment, sign in
-
Bhavish Aggarwal has officially given India its 1st unicorn of 2024 🦄 His AI startup, Krutrim, has successfully raised $50 million in a funding round, securing investments from Matrix Partners India. Notably, Krutrim is now the first AI unicorn in India and the third to emerge since January 2023, following last year's additions of Zepto and InCred. The funds raised will be instrumental in fueling Krutrim AI's global expansion and driving innovation to revolutionize the AI landscape. Bhavish Aggarwal, the co-founder, expressed excitement about the successful funding round. He highlighted how it validates the potential of Krutrim's innovative AI solutions and reflects investors' confidence in their ability to bring meaningful change from India to the world. The company Krutrim was incorporated as a part of the Ola Group in April of last year, the company has Tenneti Venugopala Krishnamurthy as its co-founder He is not only just the co-founder of the company, but he is also a long-time board member of Ola's parent company ANI Technologies. The startup's AI model comes in two versions: Krutrim and Krutrim Pro. The base Krutrim model boasts comprehension of 22 Indian languages and the ability to form responses in 10 languages. Krutrim Pro on the other hand is a multi-modal model designed for enterprise use. Notably, Bhavish Aggarwal, with Krutrim SI Designs, has now founded his third unicorn alongside his previous ventures, Ola and Ola Electric. I am sure that just like Ola & Ola Electric this venture is also going to have a great impact in the sector that it operates in. For now, the company has hit every sweet spot for a successful startup with it having the latest tech, a great valuation, and a proven founder. The company for sure is not going to have any trouble in raising more money for R&D purposes because of the credibility of the people running it. In my opinion, even though some people might say that the company should focus on profitability, this company needs to have a growth-at-all-cost culture. I think that way because in my opinion, that is one of the only ways in which this company can compete on a global level and become a market leader. What are your thoughts on this company & its future plans Share your thoughts in the comments down below 👇 *** Join my community of budding writers & learn how to get better at writing while making money - https://lnkd.in/evGK99MM
To view or add a comment, sign in
-
-
Our Managing Partner Venkat Vallabhaneni recently has a great conversation with Analytics India Magazine about the future of generative AI startups. According to Venkat, "The dynamic environment created by open-source technology serves as an essential litmus test for startup founders. We value and seek out founders and companies that demonstrate a deep understanding of this highly evolutionary field. These are entrepreneurs who factor the rapid pace of development into their product design and strategies” Read the full article here 👇 #Inflexor #India #media #startups #genai #opensource #technology #entrepreneur #product #vc #vcfund
Generative AI Startups May Get Profitable in 2 Years
http://analyticsindiamag.com
To view or add a comment, sign in
-
Private Banker | CISI | Investment Planning Specialist l Wealth Management-Advance Level | Investment Banking | Corporate Banking
Recently, Krutrim AI raised $50 Mn in a funding round – making it the third-fastest startup to turn unicorn and also India’s first AI unicorn! 🦄 🔸 Bhavish Aggarwal’s AI startup is not only the highest-valued Indian startup in this segment, but it has also come out of the gates fast and furious in a bid to create ‘AI For India’. 🔸 Though the Indian startup ecosystem has minted only 2 unicorns this year (against 21 unicorns in 2022 and 45 in the funding mania-led 2022) – there are still over 100+ fast-growing startups that have the potential to become future unicorns in the country. 🔸 India emerged as one of the global leaders in unicorn count – taking the 3rd spot after US and China.
To view or add a comment, sign in
-