SenseAI Ventures, an AI-focused investment firm, has launched its maiden venture capital fund with a target corpus of INR 200 Cr ($25 Mn) to support Indian artificial intelligence (AI) startups. The fund, known as SenseAI Fund I, aims to invest in 18-20 AI-first startups from seed to Pre-Series A stages, with plans for follow-on investments in its portfolio companies. The firm’s existing portfolio includes notable startups such as CureSkin, Tripeur, Jovian, and Skit. SenseAI Ventures has also brought in Raja Gopalakrishnan, a tech executive, as a general partner for the fund. According to industry reports, the generative AI market in India is projected to grow from $1.1 Bn in 2023 to over $17 Bn by 2030, with over 70 generative AI startups currently operating in the country. SenseAI Ventures aims to play a significant role in India’s growing AI landscape by supporting AI-first founders and their innovative solutions.
SenseAI Ventures Launches $25M Fund to Invest in Indian AI Startups
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