Krutrim Becomes India’s First AI Unicorn with $1 Billion Valuation

01 February 2024
GeoSpatial World

AI Generated Summary

AI venture Krutrim, led by Bhavish Aggarwal, has secured $50 million in funding, reaching a $1 billion valuation.

This investment round, led by Matrix Partners, makes Krutrim India’s quickest to achieve unicorn status and its first in the AI sector.

The funds will be used to transform the AI domain, foster innovation, and extend its global presence.