Adrian JohnsonTLDR: Ola founder Bhavish Aggarwal’s startup, Krutrim, has become India’s first AI unicorn with a valuation of $1 billion. The company raised $50 million in its recent funding round, making it one of the leading AI companies in the country. Krutrim is developing data centers across India to support the growth of the AI ecosystem and plans to release a beta version of its chatbot to consumers next month. The startup aims to provide innovative AI solutions and drive meaningful change out of India for the world.
Krutrim is a large language model trained on over 2 trillion tokens. It outperforms other open-source language models on a range of industry-standard benchmarks. The startup plans to release Krutrim Pro, an advanced version with problem-solving and task execution capabilities, in 2024. Matrix Partners India, a key investor in Bhavish Aggarwal’s other startups, Ola and Ola Electric, led the funding round for Krutrim. Aggarwal expressed excitement about the successful funding round and the confidence investors have in Krutrim’s potential.