SenseAI Ventures, has introduced its debut fund—SenseAI Fund I of Rs 200 crore (~$25 million) to back the AI startup ecosystem in India, with an initial target to invest in 18-20 startups.
The Gurugram-based artificial intelligence-focused investment firm aims to invest in the startups in the seed and pre-Series A stage, as well as follow-on investments to support its portfolio companies. These investment commitments are is part of the VC firm’s investment strategy to back founders focused on AI and their inventive solutions within India’s growing AI landscape.
“We recognise that the journey of an AI-first startup is as challenging as it is transformative. Our approach is beyond capital; as experienced founders and operators, we offer bespoke support tailored to the unique needs of each AI-first startup,” said Rahul Agarwalla, Co-founder of SenseAI Ventures. SenseAI Ventures has invested in AI-first startups such as vernacular.ai, CureSkin, Niveshi, Jovain.ml, and Monet Networks.
SenseAI Ventures holds a strong portfolio of 12 Startups focused on Emerging Tech
Since 2017, the SenseAI has been investing and supporting AI innovation. It has accomplished four exits and holds a portfolio of 12 startups in areas such as AI SaaS, AI B2C, and AI Tools. Nearly all of its portfolio companies have secured additional investments, with CureSkin and Skit.aireaching Series B. Meanwhile, the VC firm has strengthened its leadership team by appointing Raja Gopalakrishnan as a general partner.
Gopalakrishnan, an experienced global CXO acknowledged for building successful businesses across diverse geographies, brings deep domain experience from leading three successful startups in the fields of data, BPO, and money movement. With over 30 years of experience in finance and technology roles, he adds valuable expertise to the team.
“We will continue to build on the foundation of ‘Beyond Capital’, providing more than just funding. We offer a partnership that starts with product and technology, fostering a breed of AI startups that are both successful and revolutionary,” Gopalakrishnan remarked.
