SenseAI Ventures' Rs 200 crore fund for AI startups aims to propel India to AI leadership
In a bold stride towards advancing the Indian AI landscape, SenseAI Ventures not only rides the wave but creates it. With the launch of its groundbreaking fund, the future of Indian AI startups is not just envisioned; it's invested in.
Highlights
- SenseAI Ventures launches a Rs 200 crore fund for AI startups in India
- AI market in India is projected to surge to $14.72B by 2030
- The firm has been Investing in AI-focused startups since 2017
Certain innovations emerge as transformative tsunamis, reshaping entire industries and creating unparalleled prosperity. These "Superwaves" begin as subtle ripples, gaining momentum until they bring about irreversible changes. The Internet, a monumental Superwave, exemplifies this phenomenon, driving broad utility, widespread adoption, and exponential growth.
Artificial Intelligence (AI) is the next wave that people need to learn to sail on. Amidst this dynamic wave, SenseAI Ventures has announced a pioneering fund, marking a significant chapter in the AI revolution.
SenseAI Ventures unveils Rs 200 Crore fund
SenseAI Ventures, an artificial intelligence (AI)-focused fund, marked Tuesday as a historic day with the launch of its Rs 200 crore SenseAI Fund I. This substantial investment is set to redefine the trajectory of AI-first startups in India.
The visionary behind SenseAI
Ventures Rahul Agarwalla, the Co-founder of SenseAI Ventures, shares profound insights into the challenging yet transformative journey of AI-first startups. His vision extends beyond mere capital injection, emphasising bespoke support tailored to the unique needs of each startup.
Global expert joins the ranks
In a strategic move, SenseAI Ventures welcomes Raja Gopalakrishnan, former Executive VP of FIS, as the General Partner. Gopalakrishnan's global technology experience adds a new dimension to SenseAI's leadership, fostering innovation and growth.
Advisory excellence: Guiding growth
SenseAI Ventures assembles a stellar board of advisors, including industry veterans James Abraham and Utkarsh B. This advisory committee provides strategic guidance and insights crucial for the growth of SenseAI and its portfolio companies.
SenseAI's stellar track record
Investing in AI-focused startups since 2017, SenseAI boasts four successful exits and a diverse portfolio of 12 startups. From AI SaaS to B2C solutions and AI Tools, their investments include Cureskin, Jovian, FloWorks, Skit, NewsBytes, and more.
Market projections: The AI boom in India
The AI market in India is on a trajectory to reach $4.11 billion in 2023, with a projected growth rate of 19.99 per cent, surging to $14.72 billion by 2030. SenseAI Ventures positions itself as a key player in this burgeoning landscape.
SenseAI Ventures emerges as a trailblazer in the AI investment realm, armed with a visionary approach, global expertise, and a track record of success. As the AI market in India skyrockets, SenseAI Ventures stands poised to lead the charge, shaping the future of AI-first startups.
