‘Global-first’ Indian-origin AI startups rake in moolah | India News


'Global-first' Indian-origin AI startups rake in moolah

BENGALURU: A clutch of India-origin AI startups secured significant early-stage funding, attracting marquee global investors. With a global-first approach, these homegrown startups demonstrated early monetisation potential and commanded premium valuations, reflecting growing confidence in their scalability and global relevance. These AI-native startup deals that TOI learnt about include GigaML, which offers secure on-premise deployment of large language models for enterprise use cases. At a stage of $1-3 million annual recurring revenue (ARR), it raised $40 million led by US-based Redpoint Ventures at a $350 million post-money valuation. Atomicwork, an AI-native alternative to traditional enterprise service desks, secured $25 million in a round that saw participation from Khosla Ventures at a $120 million valuation.Redpoint Ventures and Khosla Ventures have backed prominent tech companies globally. Other transactions TOI learnt about include Y Combinator-backed Emergent, which raised $20 million led by Lightspeed India at a $90 million valuation. UnifyApps secured $50 million from WestBridge Capital at a $250 million valuation. Confido Health raised $9.3 million from investors such as Blume and DeVc at a $35 million valuation. Composio raised $25 million in a round led by Lightspeed at a $120 million valuation. Metaforms, at a scale of $1 million, raised $10 million led by Peak XV Partners at a valuation of $50 million. Meanwhile, Weaver AI, at a pre-revenue stage and founded by serial entrepreneur Kushagra Sinha, raised $10-12 million led by First Round Capital at a $70 million valuation. First Round Capital’s global portfolio comprises the likes of Notion, Roblox, Square, and Uber. All these native AI deals are India-origin businesses adopting a global-first go-to-market approach.





Source link

  • Related Posts

    Uttarakhand: Shitalkin Winter Carnival begins in Auli | India News

    Auli witnessed the inauguration of the Shitalkin Winter Carnival and the National Skiing Championship on Friday.Uttarakhand Minister Satpal Maharaj inaugurated the games by lighting the ceremonial lamp. A total of…

    Sunetra Pawar set to take over as NCP chief, says Praful Patel; skirts merger talk | India News

    NEW DELHI: Senior Nationalist Congress Party (NCP) leader Praful Patel on Friday said the party’s immediate focus was on consolidating its organisation and rallying behind Maharashtra deputy chief minister Sunetra…

    प्रातिक्रिया दे

    आपका ईमेल पता प्रकाशित नहीं किया जाएगा. आवश्यक फ़ील्ड चिह्नित हैं *

    hi_INहिन्दी