deeptech

RealAvatar recently launched Andrew Ng's AI avatar in collaboration with DeepLearning.AI, enabling learners to have a conversation with an AI version of the renowned AI educator for career advice through text chat and voice calls. Dmitry Pyanov, who leads product at RealAvatar, discusses the future of AI in education and the evolving role of product management.

The convergence of biology, artificial intelligence, and engineering is driving advancements that could redefine patient care and health systems worldwide.

Emerging technologies such as deeptech, spacetech, and biotech have made significant startups in India but remain behind the US and China in creating companies that have a significant global impact.

The Bengaluru-based firm aims to deploy the fresh funds to advance wireless connectivity technologies, scale operations, expand product lines, strengthen its presence in terrestrial communications, and enter the satellite communication market.

The fund plans to invest INR 5-7 crore each in 25-30 early-stage startups, with significant provisions for follow-on rounds.

The Velocity Accelerator cohort features innovative startups like Induz, LeanWorx, Think Metal, Presage Insights, Superfone, and CargoFL, driving advancements in AI, manufacturing, logistics, and enterprise solutions with transformative technologies.

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.

45 per cent of startups in India originate from tier-II and -III cities, a noteworthy trend, backed by the need to solve local problems, diverse funding options, improved infrastructure, robust digital payments systems, and digital-first business models

While 2023 saw a slowdown in IT investment, 2024 will be all about growth fueled by digital transformation, says a report by IDC

The total number of GenAI startups surged 3.6 times, from over 66 in the first half of CY23 to more than 240 by the first half of 2024.

India's semiconductor and electronics startup ecosystem is also witnessing rapid growth due to favorable government policies like the Production Linked Incentive (PLI) scheme and a growing demand for electronics and chip design.

The firm plans to support 17-20 companies, with cheque sizes ranging from USD 750K to USD 1 million for initial investments and USD 2-3 million over the lifecycle of the startups.

At the heart of the Shambho Accelerator Program is Yotta's Shakti Cloud, a high-performance computing platform powered by NVIDIA's H100 Tensor Core GPUs, designed specifically for AI and HPC workloads.

The report shared deep insights into the emerging scenes within the Indian tech-eco system, especially in deep-tech, challenges, future and other crucial insights into the funding behavior around the sector.

AI and Deep Tech are experiencing a huge surge in the Indian market, surpassing the e-commerce boom of the mid-2010s

The global technology fund, which will operate out of GIFT City (Gujarat International Finance Tec-City), is targeting only listed companies and will generally hold 15-20 companies at any given time.

The investment is in line with BlackSoil's investment strategy of focusing on new-age businesses in the deeptech sector

The company will utilize the total fund raised to develop its battery-swapping technology and build new facilities to support its growing operations

Generative AI, IP creation, IP creation and the future of deeptech were some of the topics discussed as part of a session at the recently concluded Entrepreneur India's Tech & Innovation Summit 2023 in Bengaluru

The new funding will be channelled into recruitment to support Metastable's manufacturing and industrial engineering functions, as well as for managing its supply chain and day-to-day operations

The investment comes after pi Ventures announced the first closing of its second fund at INR 303.5 crore in Jan 2022, raising funds from entrepreneurs, HNIs and Family Offices from across the globe