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Bhavish Aggarwal’s AI startup Krutrimt has successfully closed its first funding round with an impressive $50 million investment led by major investors including Matrix Partners India, becoming India’s first AI unicorn.
“At Krutrim, we are working to build India’s first complete AI computing stack. We are pleased to announce the successful completion of our first round of funding. It not only validates the possibilities, but also underlines the confidence our investors have in our company’s ability to drive meaningful change from India to the world,” Agarwal said.
Avnish Bajaj, MD, Founder, Matrix Partners India, praised Aggarwal’s track record of innovation and expressed the privilege of deepening his partnership with Krutrim.
The base model, named Krutrim, is trained with 2 trillion tokens and a unique dataset and understands 22 Indian languages, including Marathi, Hindi, Bengali, Tamil, Kannada, Telugu, It can generate content in around 10 languages including Odia, Gujarati, and Malayalam.
A larger and more complex model, called Krutrim Pro, will be available with advanced problem-solving and task execution capabilities.
In October last year, Kultrim passed a special resolution to raise 197 million rupees, or approximately $24 million, by issuing 38,901 series A debentures and 196,761,099 series B debentures at a face value of 10 rupees each. It is reported that.
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