The company, launched in December 2023, is India’s first AI unicorn and the fastest to achieve this status.
In a significant development, founder Ola Bhavish Aggarwal’s artificial intelligence (AI) startup Krutrim has become India’s first AI unicorn and the fastest to achieve this status . The company achieved this by raising a USD 50 million (approximately ₹415 crore) equity investment at a valuation of USD 1 billion (approximately ₹1 billion). ₹ 8,300 crore), has successfully closed its first round of funding, Krutrim said in a statement.
“Krutrim,” whose name means “artificial” in Sanskrit, was founded last December. On the other hand, a “unicorn” is a privately held startup valued at $1 billion or more.
According to crunchbase.com, as many as 15 AI startups became unicorn in 2023. These are:
Unicorn–-Founded in–Headquarters–Most recent valuation–Funds raised till now
→Adept AI – 2022 -San Francisco- $1 billion-$415 million
→AI21 Labs-2017-Tel Aviv-$1.4 billion $274 million
→Character.ai 2021 Menlo Park $1 billion $150 million
→Cohere 2019 Toronto $2.2 billion $435 million
→CoreWeave 2017 Roseland $2.4 billion $427 million
→DeepL 2009 Cologne $1.1 billion $100 million
→Helsing 2021 Berlin $1.8 billion $341 million
→Imbue 2021 San Francsico $1 billion $232 million
→Light Years Beyond 2023 Beijing $1.2 billion $280 million
→Replit 2016 San Francsico $1.2 billion $202 million
→Runway–2018–New York City–$1.5 billion $237 million
→Quantexa–2016–London–$1.8 billion– $370 million
→Synthesia–2017–London–$1 billion–$157 million
→Typeface–2022–San Francisco–$1 billion-$165 million
→Zhipu AI–2019–Beijing–$1.6 billion–$342 million
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