Krutrim, an AI startup founded by Bhavish Aggarwal, has secured $50 million in funding, valuing the company at $1 billion. This makes Krutrim India's first AI unicorn, achieving unicorn status in its first funding round. The funding came from Matrix Partners and other investors. Krutrim aims to build India's complete AI computing stack and expand its AI products overseas. The company is also focused on developing large language models. The term 'Krutrim' means 'Artificial' in Sanskrit. This achievement marks a significant milestone for the Indian AI industry.
If you're overwhelmed by the flurry of AI chip startups challenging Nvidia, not to worry! We did the hard work of tracking all of them for you in our new database. These 18 companies have raised $6Bn+ at a cumulative $25Bn+ valuation. Takeaways here: https://t.co/cp34N2D07K
AI startups had a MASSIVE day - $230M+ raised We had funding rounds in Rebellions, Xreal, Sema4(.)ai, SEMRON, Align AI, and 6 more AI startups my funding tracker caught. Here's all the details:
How Google, Meta, Microsoft, and others balance developing specialized AI chips with their relationship with Nvidia, which has an estimated 70% of AI chip sales (New York Times) https://t.co/hqJrtGTBss 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/eVa3rLUZgy
Congrats! Ola Founder’s Krutrim Becomes First $1 Billion Indian AI Startup https://t.co/TD45lc9eZz
Damn - Krutrim AI becomes India’s first unicorn in 2024. • Raised $50M at a $1B valuation • Hits $1B a month after its debut as a large language model • Krutrim = “Artificial” in Sanskrit (fun fact!) https://t.co/4yUPc6WOV7
From cabs to AI unicorn: Ola's Krutrim is the first billion-dollar Indian AI startup https://t.co/GEarJbXFtv
🤖 From this week's issue: ElevenLabs, an AI voice startup, has raised $80 million in a series B round of funding, growing its valuation ten-fold to $1.1 billion. https://t.co/jIMWRmoNOV
BREAKING: Krutrim raises $50M at a $1B valuation to build an AI computing stack for India. it's one of the only AI startups to become a unicorn in its first round of funding. Congrats to the team! https://t.co/9Qn54dvAlC
Krutrim becomes India's first AI unicorn Gets funds from Matrix Partners & others to grow AI products & expand overseas. India has to build own large language models, says Krutrim (and Ola Group) founder, Bhavish Aggarwal via @business @technology https://t.co/e4zejN065f #AI https://t.co/ExP5lzqjjK
Ola founder Bhavish Aggarwal's Krutrim scores funding to become India's first AI startup unicorn https://t.co/Ht4VC2McNR
🚨💰 Ola founder @bhash's Krutrim AI turns unicorn with $50 million funding from @matrixindiavc, others Krutrim AI is the first Indian unicorn of 2024 along with being the first Indian #AI firm to join the billion dollar club. Read more 👇 https://t.co/9aSq8bf8xL
India needs to build it own AI, and we @Krutrim are committing ourselves to building the country's complete AI computing stack. We are excited to announce the successful closure of our first funding round making कृत्रिम - India's fastest Unicorn and also the first AI unicorn 🙂… https://t.co/sORXgTKjki