Krutrim, as Large Language Model startup founded by OYO founder Bhavish Aggarwal has secured $50 million, to build the country’s first complete AI computing stack.
“This landmark achievement marks a significant milestone not only for the company but also for the Indian tech ecosystem, as the startup becomes India’s fastest unicorn,” the company said in a statement. The full stack AI Computing startup is building an AI computing stack and a family of LLMs purpose-built to serve the unique requirements of the Indian tech ecosystem.
In December, the company launched an LLM that it said had the most far reaching representation of Indian data in its training. Accelerating generative AI applications for various Indian languages, the model will also fast-track the startup’s conversational AI assistant to be proficient in multiple Indian languages.
Krutrim becomes the fastest startup to turn Unicorn
“India has to build its own AI, and at Krutrim, we are fully committed to building the country’s first complete AI computing stack,” Bhavish Aggarwal, Founder of Krutrim, said.
The startup also announced Krutrim Pro, a multimodal LLM with enhanced capabilities to fluently navigate languages and diverse topics. The model, trained on 2 trillion tokens, aims for a February 2024 beta release. It aims to serve various purposes, including education and business communications, as the company also plans to build AI infrastructure with indigenous data centres and advanced computing solutions.
In October 2023, the startup had passed a special resolution to issue 38,901 Series A and 19,67,61,099 Series B debenture at a face value of Rs 10 each to raise Rs 197 crore, or $24 million, approximately.
The funding was raised in an equity round from Matrix Partners and others at a valuation of $1 billion.
