Krutrim, India’s own AI company focused on building the complete AI computing stack, today announced the successful closure of its first round of funding. The funding round, led by prominent investors such as Matrix Partners India and others, garnered an investment of USD 50 Mn in equity at a valuation of USD 1 Bn.
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This landmark achievement marks a significant milestone not only for the company but also for the Indian tech ecosystem, as Krutrim AI becomes the India’s fastest Unicorn and also India’s first AI unicorn. The funds raised will be instrumental in accelerating the company’s mission to revolutionize the AI landscape, drive innovation, and expand its reach globally.
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Bhavish Aggarwal, Founder, Krutrim said, “India has to build its own AI, and at Krutrim, we are fully committed towards building the country’s first complete AI computing stack. We are thrilled to announce the successful closure of our first funding round, which not only validates the potential of Krutrim ’s innovative AI solutions but also underscores the confidence investors have in our ability to drive meaningful change out of India for the world. 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’.
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Avnish Bajaj, Founder and MD, Matrix Partners India said “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”.
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Krutrim AI earlier unveiled its base Large Language Model (LLM) last month. With the largest representation of Indian data used for its training, it powers generative AI applications for all Indian languages. Trained by a team of leading computer scientists, based in Bangalore and San Francisco, this model will also power Krutrim AI’s conversational AI assistant that understands and speaks multiple Indian languages fluently.
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Krutrim AI is a family of Large Language Models, including Krutrim base and Krutrim Pro which will have multimodal, larger knowledge capabilities, and many other technical advancements for inference. Trained on over 2 trillion tokens, Krutrim accomplishes better performance on multiple well known, global, LLM evaluation benchmarks including MMLU, HellaSwag, BBH, PIQA and ARC.
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Ola Krutrim AI’s superior linguistic skills make it a valuable tool for a wide range of purposes from education to business communications. The company is also working on AI infrastructure to develop indigenous data centers and eventually, server-computing, edge-computing and super-computers.
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About Krutrim AI
Krutrim AI, a part of the Ola group, is working on creating the AI computing stack of the future. We endeavor to deliver a state-of-the-art AI computing stack that encompasses the AI computing infrastructure, AI Cloud, foundational models, and AI-powered end applications for the Indian market.
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