Venture capital investors are bullish on application-layer artificial intelligence (AI) startups in India despite an overall fall in funding amount for companies in the sector this year. According to data from Venture Intelligence, Indian AI startups raised $747 million in 2024, down 26% from last year but the number of deals in the space increased to 121 from 78 in 2023.
“This year, we saw many companies building vertical AI applications by leveraging more mature platforms to build on top of that,” said Ravi Srivastava, partner at early-stage investment firm Leo Capital.
There are broadly three layers in the AI stack—the foundational models, horizontal layers called enablers, and vertical AI applications. Leo Capital closed multiple deals in the AI and enterprise space this year, including Zeplyn, an AI copilot platform for financial advisors, Arch0, a cloud infrastructure security startup, and DecoverAI--a platform built for the legal community.
Notably, several AI startups being backed by investors in India are building in the US. Peak XV Partners managing director Harshjit Sethi, who focuses on AI investments for the VC firm, said that AI startups are expected to follow the trend set by enterprise software companies, which mostly build for US customers.
Source : The Economic Times
#healthcarestartup #startupfunding #dseide
“This year, we saw many companies building vertical AI applications by leveraging more mature platforms to build on top of that,” said Ravi Srivastava, partner at early-stage investment firm Leo Capital.
There are broadly three layers in the AI stack—the foundational models, horizontal layers called enablers, and vertical AI applications. Leo Capital closed multiple deals in the AI and enterprise space this year, including Zeplyn, an AI copilot platform for financial advisors, Arch0, a cloud infrastructure security startup, and DecoverAI--a platform built for the legal community.
Notably, several AI startups being backed by investors in India are building in the US. Peak XV Partners managing director Harshjit Sethi, who focuses on AI investments for the VC firm, said that AI startups are expected to follow the trend set by enterprise software companies, which mostly build for US customers.
Source : The Economic Times
#healthcarestartup #startupfunding #dseide
Venture capital investors are bullish on application-layer artificial intelligence (AI) startups in India despite an overall fall in funding amount for companies in the sector this year. According to data from Venture Intelligence, Indian AI startups raised $747 million in 2024, down 26% from last year but the number of deals in the space increased to 121 from 78 in 2023.
“This year, we saw many companies building vertical AI applications by leveraging more mature platforms to build on top of that,” said Ravi Srivastava, partner at early-stage investment firm Leo Capital.
There are broadly three layers in the AI stack—the foundational models, horizontal layers called enablers, and vertical AI applications. Leo Capital closed multiple deals in the AI and enterprise space this year, including Zeplyn, an AI copilot platform for financial advisors, Arch0, a cloud infrastructure security startup, and DecoverAI--a platform built for the legal community.
Notably, several AI startups being backed by investors in India are building in the US. Peak XV Partners managing director Harshjit Sethi, who focuses on AI investments for the VC firm, said that AI startups are expected to follow the trend set by enterprise software companies, which mostly build for US customers.
Source : The Economic Times
#healthcarestartup #startupfunding #dseide
