Krutrim, the AI startup founded by Bhavish Aggarwal, CEO of Ola, has achieved unicorn status by securing $50 million in funding.
The investment, led by Matrix Partners India and other notable investors, values Krutrim at an impressive $1 billion, making it India's first AI unicorn.
Krutrim launched its language model just a month ago. The company, whose name means "artificial" in Sanskrit, is not just stopping at language models.
The startup is actively involved in developing data centres and has plans to produce servers and supercomputers dedicated to the AI ecosystem.
In a Linkedin post, Krutrim announced the successful closure of its first funding round, marking a historic moment for the company and a remarkable achievement for India's tech landscape. \
Bhavish Aggarwal, the Founder of Krutrim, expressed his enthusiasm for building India's complete AI computing stack, stating, "India has to build its own AI, and at Krutrim, we are fully committed towards building the country's first complete AI computing stack."
Trained on over 2 trillion tokens with a focus on Indian data, it powers generative AI applications across various Indian languages.
Krutrim's linguistic prowess extends to conversational AI assistants that fluently understand and speak multiple Indian languages.
Krutrim's family of Large Language Models, including Krutrim base and Krutrim Pro, is designed to offer advanced capabilities, including multimodal features and broader knowledge.
The model can seamlessly switch between languages and engage in discussions on diverse topics, from Bengali poetry to Bollywood movies and creative masala dosa recipes.
The beta version of Krutrim is set to be available for consumers in February 2024, with an additional offering as an API for enterprises and developers seeking to create AI applications.
As India joins the global race to build large language models, Krutrim's achievement adds a significant milestone to the country's efforts in creating its own AI systems.