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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