Do You Know Which Is India's First AI Unicorn? Check Out Here! (2024)

AI is taking over every sector in the world, reshaping the very fabric of our existence. From disrupting how we interact with technology to revolutionizing industries, the pervasive influence of artificial intelligence permeates every aspect of our lives. It's not just about optimizing processes; it's about fundamentally transforming business models, enhancing healthcare delivery, streamlining transportation systems, and beyond. In this dynamic landscape of innovation, India recently celebrated a monumental milestone with the emergence of its first AI startup - Krutrim!

India's First AI Unicorn

Krutrim, which means 'artificial', is a new-age startup founded by Ola founder Bhavish Aggarwal. Recently, the startup has raised a notable funding of $50 million at an overall valuation of $1 billion. The funding was led by Matrix Partner, a key investor in Aggarwal's other startups - Ola and Ola Electric, as well. With this fresh funding, the startup has emerged as India's first AI unicorn. Let us tell you that Krutrim has achieved this milestone just a month after its launch as a large language artificial intelligence model.

“The funds raised will be instrumental in accelerating the company’s mission to revolutionise the AI landscape, drive innovation, and expand its reach globally,” shared Aggarwal on LinkedIn.

India needs to build it own AI, and we at Krutrim are fully committed to building the country's complete AI computing stack. We will invest whatever it takes to build the world’s strongest AI capabilities in India and drive the Viksit Bharat journey to achieve our goals and dreams through technology!
We are excited to announce the successful closure of our first funding round. This landmark achievement marks a significant milestone not only for the company but also for the Indian tech ecosystem, as कृत्रिम becomes 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.
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', wrote Aggarwal on his LinkedIn.

What is Krutrim?

Krutrim AI is a large language model (LLM) trained on a staggering 2 trillion 'tokens', representing the intricate fabric of human conversations. With two distinct classifications - Krutrim and the eagerly awaited Krutrim Pro - this innovative platform heralds a new era in problem-solving and task execution.

Krutrim Pro

Launched just last month, Krutrim Pro is poised to redefine the landscape with its advanced capabilities, surpassing even the formidable GPT-4. Powered by a custom tokenizer, Krutrim seamlessly navigates through diverse languages and scripts, setting new benchmarks in performance and reliability. As the project team proudly declares, Krutrim stands tall among its peers, delivering unparalleled results across a spectrum of industry-standard benchmarks.

Unicorns in India

India's startup ecosystem has witnessed a meteoric rise in the emergence of unicorns, with a current count of 111. The term "unicorn" refers to privately held startups valued at over $1 billion. This remarkable growth trajectory began in 2011 when India celebrated its first unicorn startup. Since then, the country's entrepreneurial landscape has thrived, attracting investments and fostering innovation across various sectors. Now, in 2023, India proudly marks the arrival of its first AI unicorn, Krutrim, signaling a new chapter in the nation's technological advancement and global impact.

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Bhavish Aggarwal Ola Electric Ola AI Krutrim AI unicorn