Mumbai: In a groundbreaking development, Krutrim, the indigenous artificial intelligence company founded by Ola’s Bhavish Aggarwal, has successfully concluded its inaugural funding round, securing an impressive investment of $50 million. Spearheaded by key investors, notably Matrix Partners India, the funding round has propelled Krutrim to a valuation of $1 billion, establishing it as India’s fastest unicorn and the country’s inaugural AI unicorn.
Bhavish Aggarwal, the visionary mind behind Krutrim, expressed his excitement about the milestone, stating, “At Krutrim, we are dedicated to constructing India’s first comprehensive AI computing stack. The successful closure of our first funding round is not only a validation of Krutrim’s innovative AI solutions but also a testament to the confidence investors have in our capability to instigate meaningful change emanating from India to the world.”
Avnish Bajaj, Founder and Managing Director of Matrix Partners India, lauded Aggarwal’s track record of technological innovation and expressed the honor of deepening their partnership with Krutrim.
Krutrim recently unveiled its foundational Large Language Model (LLM), utilizing the most extensive representation of Indian data for training purposes. This groundbreaking model supports generative AI applications for all Indian languages and is set to serve as the cornerstone for Krutrim’s conversational AI assistant, designed to comprehend and communicate fluently in multiple Indian languages.
The Krutrim family encompasses the base model and Krutrim Pro, boasting multimodal capabilities, expanded knowledge capacity, and cutting-edge advancements for inference. Trained on a staggering 2 trillion tokens, Krutrim has demonstrated superior performance on global Large Language Model evaluation benchmarks, positioning itself as a frontrunner in the global AI landscape, according to the company.