More

    Krutrim AI Secures $230M Investment from SoftBank-Backed Billionaire

    Significant Funding Boosts Krutrim's Vision for AI Innovation in India

    With SoftBank’s backing, a billionaire invested in Krutrim, an AI startup formed by Ola’s Bhavish Aggarwal, raising a whopping $230 million. Adding another feather into the cap of the India’s ever-growing tech industry. Such funding is indeed a vote for India’s AI prowess and further validates Krutrim’s rightful claim to be in the forefront of the AI space.

    Krutrim
    Krutrim’s founder- Bhavish Aggarwal

    Accelerating AI Development

    Krutrim, which stands for artificial in Sanskrit, harnesses the power of large language models trained in English as well as a variety of Indian languages. The startup also aims at developing a multilingual voice-enabled conversational AI assistant. Thus, providing a localized and inclusive AI experience. This funding will fast-track Krutrim’s efforts to provide advanced AI solutions for a linguistically diverse population.

    A Rapid Ascent

    Founded in 2023, Krutrim has made a quick name for itself by becoming the first AI startup in India to attain unicorn status. Thereby, assigning it a value of $1 billion with a $50 million funding through Matrix Partners India. The rapid ascent has been a testimony to the innovative fervor of the startup and the expectations of their investors.

    Strategic Vision

    Bhavish Aggarwal’s vision for Krutrim sees it breaking away from conventional conversational AI. The company will design chips optimized for AI computing, planning to create India’s first complete AI computing stack. That is how Krutrim positions itself to become a full-fledged player in the AI market-from software to hardware.

    Implications for India’s Tech Ecosystem

    This round of investment validates Krutrim’s AI innovations but it equally sends a sign of confidence among investors in India’s ability to make its mark in the global AI landscape. As it continues to nurture AI and other technology capabilities. Krutrim’s success will inspire the emergence of many more AI-focused startups, consequently advancing India’s position among nations in the tech realm.

    If you want to learn about the Top AI Resources for Startups from Ideation to Implementation click here.

    Stay Ahead in AI

    Get the daily email from Aadhunik AI that makes understanding the future of technology easy and engaging. Join our mailing list to receive AI news, insights, and guides straight to your inbox, for free.

    Latest stories

    You may also like

    Zomato Launches Nugget AI to Automate Customer Support

    Zomato Enters the AI Arena with Nugget Zomato introduces its own an AI startup Nugget. Having customer support which...

    Stay Ahead in AI

    Get the daily email from Aadhunik AI that makes understanding the future of technology easy and engaging. Join our mailing list to receive AI news, insights, and guides straight to your inbox, for free.