HPE Founder Bhavish Aggarwals AI Startup Krutrim Becomes a Unicorn

Bhavish Aggarwal, the founder of Ola, has achieved a notable milestone with his AI startup, Krutrim, which has recently been valued at $1 billion. This valuation makes Krutrim not only the fastest company to reach unicorn status in India but also the first Indian AI startup to achieve this feat.

Krutrim’s journey to becoming a unicorn has been remarkably swift. Founded just last year, the startup has already attracted significant investment, with a $50 million funding round led by Matrix Partners India. This investment underscores the potential and innovative solutions that Krutrim is bringing to the AI industry.

Krutrim is developing a large language model that has been trained on local Indian languages in addition to English. The startup’s goal is to launch a voice-enabled conversational AI assistant that understands and speaks multiple Indian languages, making technology more accessible and inclusive.

Looking ahead, Krutrim plans to release a beta version of its chatbot next month, followed by APIs for developers and enterprises. The startup also aims to develop in-house capabilities for manufacturing AI-optimized chips, a move that aligns with Aggarwal’s vision of building India’s first complete AI computing stack.

Bhavish Aggarwal’s vision for Krutrim is to build India’s own AI, marking a significant step in the country’s journey in the global AI race. With Krutrim’s success, Aggarwal is leading the way in showcasing India’s potential in developing cutting-edge AI solutions.

Krutrim’s achievement as India’s first AI unicorn is a testament to the growing importance of AI in the global market and India’s emerging role in this field. Under Bhavish Aggarwal’s leadership, Krutrim is set to make significant contributions to AI technology, both in India and worldwide.