Bhavish Aggarwal's AI startup Krutrim Attains Unicorn Status with $50 Million Funding

Bhavish Aggarwal, the visionary behind India's ride-hailing giant Ola, has struck again, this time in the burgeoning field of artificial intelligence. His latest venture, Krutrim, has achieved unicorn status – a coveted title bestowed upon startups valued at $1 billion or more – after securing a whopping $50 million in its inaugural funding round.

A Watershed Moment for Indian AI and Aggarwal's Ambitions

This milestone marks a significant moment for both Krutrim and the Indian AI landscape. Krutrim becomes the first Indian AI company to reach unicorn status, showcasing the immense potential of the country's tech talent and entrepreneurship in this cutting-edge domain. Moreover, it adds another feather to Aggarwal's cap, making him the first Indian entrepreneur to helm three unicorn companies - Ola, Ola Electric, and now Krutrim.

Fueling Krutrim's AI Mission - Building India's First Comprehensive Stack

The $50 million funding injection will fuel Krutrim's ambitious mission to "transform the AI landscape, foster innovation, and extend its global footprint." Aggarwal, in a statement, emphasized the company's commitment to creating "India's first comprehensive AI computing stack," recognizing the need for indigenous innovation in this critical field.

Krutrim's Cutting-Edge LLM: Leading the Charge in the Indian Languages Race

In December 2023, Krutrim unveiled its base Large Language Model (LLM), boasting the "largest representation of Indian data used for its training." This LLM powers generative AI applications for all Indian languages, placing Krutrim at the forefront of the AI race, currently dominated by global players like Google and Microsoft.

From Beta to Business - Krutrim's Multifaceted Approach

Krutrim plans to launch its conversational AI assistant in beta for consumers in February 2024. This assistant promises fluency in multiple Indian languages, capable of discussing nuanced topics ranging from poetry to Bollywood. Additionally, the company will offer its LLM as an API (application programming interface) for enterprises and developers, empowering them to create their own AI applications.

Building the Future: Beyond LLMs - AI Infrastructure and Supercomputing

Krutrim isn't stopping at LLMs. The company is actively developing AI infrastructure, including indigenous data centers, server-computing, edge-computing, and even supercomputers. This ambitious vision positions Krutrim as a potential game-changer in the Indian AI ecosystem, aiming to build a self-sufficient and advanced AI future for the country.

Krutrim is coming to your phone soon!

Krutrim will launch its conversational AI assistant in February 2024 for some people to test. This assistant can speak multiple Indian languages and can talk to you on any topic from poetry to Bollywood movies. Krutrim will also make its LLM available as an API to developers and companies so they can build their own AI applications.

The Buzzing Indian AI Landscape: Krutrim Joins the Fray

While Krutrim marks a significant milestone, it's not alone in the Indian AI field. Startups like Sarvam AI are also making waves, recently unveiling OpenHathi, the first Hindi LLM. This growing competition bodes well for the Indian AI scene, fostering innovation and accelerating the adoption of Generative AI across various sectors.