Krutrim Secures $50 Million, Becomes India's First AI Unicorn

Krutrim, India’s own AI company, dedicated to constructing a comprehensive AI computing stack, has successfully closed its first funding round, securing a substantial USD 50 million in equity at a valuation of USD 1 billion.

The funding round, led by prominent investors including Matrix Partners India, will be instrumental in accelerating the company’s mission to revolutionize the AI landscape, drive innovation, and expand its reach globally, the company said in its blog post.

This achievement positions Krutrim as India’s fastest Unicorn and the country’s first AI unicorn, marking a significant milestone for both the company and the Indian tech ecosystem.

Bhavish Aggarwal, Founder, Krutrim said, “India has to build its own AI, and at कृत्रिम (Krutrim), we are fully committed towards building the country’s first complete AI computing stack.” 

“As we embark on this exciting journey, we are proud to contribute to the vision of ‘Viksit Bharat’, where innovation and technological prowess will propel our nation towards reclaiming its status of the ‘Vishwaguru’,” he added.

Introduced last month, Krutrim is touted as “India’s first full-stack AI” solution. It is trained on 2 trillion tokens and can understand over 20 Indian languages and generate content in about 10 languages, including Marathi, Hindi, Bengali, Tamil, Kannada, Telugu, Odia, Gujarati, and Malayalam. 

Bhavish has consistently brought cutting edge tech innovation to India at scale with Ola and Ola Electric – and now excitingly with Krutrim to power the journey of ‘Viksit Bharat’ digitally. We are incredibly privileged to deepen our partnership with Bhavish and Krutrim,”said Avnish Bajaj, Founder and MD, Matrix Partners India.