Artificial intelligence is a broad term that refers to a variety of advanced electronics and technological systems. In the past couple of years, artificial intelligence and machine learning have grabbed the attention of various Indian business leaders who wish to work with the latest technological innovations and direct their attention towards global industries. Since most global industries have already adopted or are planning on adopting AI-driven technologies, the Indian IT and tech domain are coming forward with various tech-driven solutions that can accelerate the rapid evolution of the Indian tech industry. More and more Indian tech enthusiasts are joining the artificial intelligence domain and establishing robust Indian AI startups. Now, these Indian AI startups have gained immense popularity, proving their enthusiasm and potential for innovation, hence, gaining themselves funding from top investors. In this article, we have listed top Indian AI startups funding and investments in Q1 2022.
Actyv.ai is an AI-driven enterprise SaaS startup that secured US$5 million in a pre-series A funding round from the Dubai-based 1Digi Investment management firm to scale up and expand its business globally. The Bengaluru-based startup solves complex business and real-life industry issues for enterprises by leveraging existing IT systems by using the low-code and no-code workbench of the company.
Data Sutram has received US$2.07 million from eminent investors such as Varanium Capital and Yatra Angel Network. It is a Mumbai-based location intelligent startup that offers sector-focused data packages to help enterprises acquire customers efficiently. It will use this funding on AI scaling up the operations at an international level and investing in new data sources.
Polygon is a leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions. This Bengaluru-based startup provides solutions that have witnessed widespread adoption with more than 7000 applications hosted worldwide.
According to reports, the company's valuation has now surpassed US$1 billion, as it recently earned the title of being a unicorn. With the latest investment of US$360 million from the private equity firm TPG Capital Asia, Fractal has become the second unicorn in India in 2022. But by the first quarter of 2022, the funding will be exhausted, as reported by finance experts.
Darwinbox has recently made up to the unicorns in the Analytics SaaS domain. The company specializes in producing HR management software for major companies and has become the first true local player to enter into the famed unicorn club with a valuation of over US$1 billion, starting 2022 with a bang.
Lead is an edtech company that has raised US$100 million at a US$1.1 billion value. The company focuses on understanding the base of the students' learning and making sure that their life outcomes are as lucrative as they aspire to be. This has resulted in the strong adoption of Lead's AI-driven educational solutions and enabling widespread accessibility of education.
RealBox Data Analytics provides a suite of AI-powered business analytics tools that deliver insights for the betterment of the organization. The company works with voice assistants, and other smart personal assistants to enable large enterprises to share valuable analytics with business leaders to maximize ROI for the enterprise. It received funding from Hyderabad Angels, the seed amount of which is US$300K.
Finarkein Analytics raised its last funding as the seed amount from eminent investors like Info Edge and IIFL to build open digital ecosystems. The company is focusing on building a low or no code orchestration and data analytics platform for India's current and upcoming ODEs.
Aarna Networks works on the successful deployment of %G and edge computing solutions. The existing cloud ecosystem will continue to undergo a sea of change, primarily due to the use cases such as network slicing, O-RAN, multiplayer ecosystem, and more.
Molecular testing that tracks and analyzes the genetic components of viruses is a complex and crucial service offered by many health tech companies across the globe. But Algorithmic Biologics has excelled in this domain providing the best possible solutions for molecular testing in this domain.
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