Krutrim AI: Bhavish Aggarwal’s Trailblazing Third Unicorn Ushers New Era for AI
Krutrim AI, the innovative brainchild of Ola founder Bhavish Aggarwal, has marked a significant milestone by securing a robust $50 million in equity financing, catapulting its valuation to a staggering $1 billion. This financial round, spearheaded by notable investors like Matrix Partners India, seals Krutrim AI’s status as the latest unicorn, uniquely positioning it as India’s first unicorn dedicated to artificial intelligence. What’s more, this achievement lands it in the enviable position of being the third-fastest startup to attain unicorn status.
Bhavish Aggarwal’s third venture, Krutrim AI, has orchestrated an impressive entry into the unicorn club in 2024, setting the pace for future AI ventures in India. This financial infusion is earmarked to bolster innovation and extend Krutrim’s global footprint, aspiring to reshape the AI industry both domestically and internationally. Aggarwal’s expressions of enthusiasm post-funding underscore his firm belief in Krutrim’s cutting-edge AI offerings and reflect investor confidence in its potential to instigate impactful changes globally, stemming from Indian ingenuity.
Aggarwal’s unveiling of Krutrim AI’s bespoke AI models in December was met with acclaim, asserting the startup’s position as a prodigy in India’s full-stack AI revolution. Krutrim AI sets itself apart by training its AI models on an extensive 2 trillion tokens and sourcing from unique datasets. These models boast of understanding more than 20 Indian languages and the capability to generate text in 10, including Bengali, Tamil, Malayalam, Gujarati, and Marathi. The startup’s name, ‘Krutrim’, draws its essence from the Sanskrit language, translating to ‘artificial’, and encompasses a suite of Large Language Models (LLMs) — from Krutrim base to Krutrim Pro — each equipped with multi-modal capabilities, vast knowledge bases, and advanced technical upgrades.
Founded in April of the previous year, the startup has swiftly advanced, with Tenneti Venugopala Krishnamurthy, associated with Ola’s parent company ANI Technologies, on board as its director. Prior to this groundbreaking funding, Krutrim AI had raised $24 million in debt from Matrix Partners back in October 2023. With the AI sector in India projected to explosively grow to over $17 billion by 2030, Krutrim AI is well-poised at the helm to lead the charge of India’s burgeoning Generative AI marketplace.
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