Krutrim, India’s own Artificial Intelligence (AI) company, has recently raised $50 million in equity at a valuation of $1 billion, making it the country’s fastest Unicorn and the first AI Unicorn in India. The funding round was led by prominent investors such as Matrix Partners India.
Krutrim is focused on building a complete AI computing stack, developed entirely in India for the Indian market. The funds raised will drive innovation, expand globally, and accelerate the company’s mission to revolutionize the AI landscape.
Bhavish Aggarwal, Founder of Krutrim, said, “India has to build its own AI, and at Krutrim, we are fully committed to building the country’s first complete AI computing stack.” The company recently unveiled its base Large Language Model (LLM) with the largest representation of Indian data used for training. It powers generative AI applications for all Indian languages and will also power Krutrim’s conversational AI assistant which understands and speaks multiple Indian languages fluently.
Krutrim is a family of Large Language Models, including Krutrim base and Krutrim Pro which will have multimodal, larger knowledge capabilities, and many other technical advancements for inference. The model can fluently switch between languages and discuss nuanced topics ranging from poetry in Bengali to Bollywood movies, to creative masala dosa recipes!
Krutrim’s superior linguistic skills make it a valuable tool for a wide range of purposes from education to business communications. The company is also working on AI infrastructure to develop indigenous data centres and eventually, server-computing, edge-computing, and super-computers. The Krutrim model will be available in beta version for consumers in February 2024 and as an API for enterprises and developers seeking to create AI applications.
In conclusion, this is a significant milestone for the company and the Indian tech ecosystem. With its focus on building a complete AI computing stack, developed entirely in India, Krutrim is empowering Indians with innovative AI technology and contributing to the vision of ‘Viksit Bharat’, where innovation and technological prowess will propel the nation towards reclaiming its status as the ‘Vishwaguru’.