Krutrim, an AI startup based by Ola founder Bhavish Aggarwal, stated it has raised a funding spherical that values it at $1 billion. The startup, based final yr, is the quickest to turn out to be a unicorn in India, it claimed in a press assertion.
Matrix Companions India, which has additionally backed Aggarwal’s different two startups — ride-hailing agency Ola and EV startup Ola Electrical, led the $50 million “first round” in Krutrim, it stated Friday.
Krutrim is constructing a big language mannequin that has been skilled on native Indian languages along with English.
“India has to build its own AI, and at कृत्रिम, we are fully committed towards building the country’s first complete AI computing stack,” Aggarwal stated in a press release.
“We are thrilled to announce the successful closure of our first funding round, which not only validates the potential of कृत्रिम ’s innovative AI solutions but also underscores the confidence investors have in our ability to drive meaningful change out of India for the world.”
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