AI News & Update

Microsoft Renews Funding for IWill GITA, World’s First Gen-AI Hindi Mental Health Program

IWill GITA draws inspiration from the ethos of Lord Krishna’s teachings encapsulated in the Bhagavad Gita.

16/04/2024

PM Modi Calls for Global Collaboration for AI in Education at G20 Meeting

AI News & Update

Indian Govt Endorses IndiaAI Mission with ₹10,371 Crore Funding

The approved initiative will bolster the country’s AI capabilities by establishing a Public AI Compute Infrastructure with over 10,000 GPUs.

08/03/2024

AI Insights & Analysis

AI Startup Funding & Acquisition Report 2024 – India

Indian AI startups raised a funding of $560 Million across 25 funding rounds— which is a decline of 49.4% compared to the previous year.

01/03/2024

AI News & Update

GitHub Teams Up with Polar for Easier Open-Source Funding

GitHub introduces a subscription-based funding platform to support open-source developers with a sustainable income model.

15/02/2024

AI News & Update

GitHub Announces Funding Programme for Open Source AI Startups

Eligible startups will receive preferred access to high-end GPU virtual machine clusters

14/02/2024

AI News & Update

OpenAI Launches Converge 2 for Funding AI Companies

The six-week program is scheduled from March 11, 2024, to April 19, 2024.

14/12/2023

AI News & Update

Elon Musk’s xAI Targets $1 Billion Funding in Equity Offering

Musk recently disclosed that investors from 𝕏 Corp would possess a 25% stake in xAI.

06/12/2023

AI Mysteries

Top 7 AI Startup Fundings in 2023

AI companies are actively securing significant funding to drive innovation and catalyze transformative changes within the industry.

05/12/2023

AI News & Update

arXiv Receives $10 Mn Funding

The next phase of arXiv’s development includes the hiring of multiple software developers for modernisation.

20/10/2023

AI News & Update

Space Tech Startup Agnikul Cosmos Secures $26.7M in Series-B Funding

Agnikul Cosmos, backed by IIT Madras has raised almost 200 crores to expand their operations and conduct tests to implement their technology

17/10/2023

AI News & Update

Oorja Raises $1.5 million in Pre-Series A funding

Oorja plans to utilise this funding to further develop their product and expand their reach into European and North American markets.

28/09/2023

AI Origins & Evolution

Midjourney Shows the Way to Success without VC Funding

While others have picked up millions of dollars for an idea without a product in hand, Midjourney is doing it the old-fashioned way

12/09/2023

AI News & Update

Hugging Face Embraces $235 Mn Funding Hug from Google, Amazon, NVIDIA, and More

The company, which currently has 170 employees, also plans to hire more people in the next few months

24/08/2023

AI News & Update

Portkey.ai Secures $3M Funding for Faster Deployment of GenAI Apps

Portkey.ai is enabling tech teams to fast track the build and deployment of generative AI apps in as little as 2 minutes

23/08/2023

AI Breakthroughs

Can India’s Billion-Dollar Funding Agency Propel AI Research?

NRF can support and promote large collaborative research centres, which would ensure the confluence of researchers with diverse expertise

31/07/2023

AI Origins & Evolution

This AI Startup From Paris Raises Highest Seed Funding Ever

Indians are strong technically, but lack understanding of the second order effects of large language models (LLMs), says one of the lead investors from Lightspeed Ventures.

14/06/2023

AI News & Update

Nvidia-backed Cloud Compute Provider CoreWeave Raises $221M In Funding

CoreWeave aims to dominate AI tech by innovating faster than larger hyperscalers, empowering the booming industry.

21/04/2023

AI News & Update

Anthropic Scores Fresh $300M Funding Boost

Search engine DuckDuckGo’ new AI assistant service, DuckAssist, which is built on the Davinci LLM from OpenAI and Anthropic’s Claude.

09/03/2023

AI News & Update

NVIDIA’s Rival Raises a New Round of Funding, Reaches Valuation of Over $400 Mn

South Korean AI chip startup raises million dollars funding. To take on NVIDIA in the AI chip race.

02/03/2023

AI Insights & Analysis

AI Startup Funding & Acquisition Report 2023

Indian AI startups raised a funding of $ 1.11 Billion across 47 funding rounds—this is a marginal increase of 0.1% compared to the previous year.

06/02/2023

AI News & Update

AI Firm Mad Street Den Secures $30 Mn in Series C Funding

Mad Street Den, one of the prominent names in Enterprise AI landscape, announced a fresh round of Series C funding of $30 million, led by

18/01/2023

AI Origins & Evolution

Funding Winter is Here for AI Startups, But Hope Looms Large

India ecosystem is trying to find a new normal. Investors are just dabbling a bit in seed deals and watching from sidelines.

05/01/2023

AI News & Update

Tredence Raises $175 Mn in Series B Funding

The funding will fuel data-led growth and AI value realisation for industries.

23/12/2022

AI News & Update

LUMIQ Raises USD 5.5 Million in Latest Funding, Aims to Expand Further

LUMIQ mainly builds datastack products and solutions with a key focus on Financial Services and Insurance (FSI).

03/11/2022

AI News & Update

WhatsApp CRM Tool WATI Raises $23M in Series B Funding

The funding round witnessed participation from existing investors such as Sequoia Capital India & Southeast Asia, alongwith DST Global Partners and Shopify as new investors

26/10/2022

AI News & Update

Tellius Raises $16 Million in Funding, Aims to Transform Cross-Sector Talent Acquisition with AI

Tellius raises new round of capital; aims to transform data analytics with AI-driven decision intelligence.

21/10/2022

AI News & Update

Peer Robotics Raises $2.3 Million in Seed Funding Led by Kalaari Capital

The round witnessed participation from existing investors such as Connecticut Innovations, Axilor Ventures, and Innopact VC.

13/09/2022

AI News & Update

Hyderabad Spacetech Startup ‘Skyroot Aerospace’ raises $51 million in Series B Funding

Singapore-based GIC’s Managing Director Mayank Rawat is also set to join Skyroot’s board, with a current workforce of 200 employees.

05/09/2022

AI News & Update

Fintech Startup Impactsure Raises USD 1 Mn in Seed Funding

The AI-powered analytics firm attracted investors from the US, UK, and India in its first-ever fund-raising activity

30/08/2022

AI News & Update

EV Startup 3ev Raise Fundings Worth $4 Million

Out of the total funding, $2.5 million have been invested in 3ev, with $1.5 million being raised for 3eco.

29/08/2022

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