Artificial intelligence-based startups across sectors such as healthcare, logistics, energy, and fashion are seeing an increase in pre-seed and seed-stage funding.
According to data from Tracxn, AI-based startups
The data further showed that by 2024, AI startups have raised a total of $13.7 million across three rounds, compared to $1.2 billion across rounds and categories this year. The AI-based startup raised $11.7 million in two rounds in the quarter ending March. This is a hefty 1,362% increase from October to his $800,000 he raised in December’s second round.
Yagnesh Sangrajka, Founder and Chief Financial Officer of 100X, said: “People are now looking for technological intervention in almost every aspect of their lives, so we are investing in seed funding and pre-seed for companies that offer AI as a service. “We can see trends in funding.” VC said.
By the way, the top three deals in 2024 were to AI-based startups. Attentive AI, a company that provides software-as-a-service (SaaS) and AI-based mapping products to provide actionable insights to businesses, has raised $7 million in a Series A round led by Vertex Ventures .
Additionally, RagaAI and vodex.ai have raised $4.7 million and $2 million, respectively, in seed rounds led by pi Ventures and Unicorn India.
“This investment is a testament to the immense potential of generative AI to revolutionize sales,” said Anshul Shrivastava, CEO of Vodex. “Vodex invests in building a highly trained and dedicated support team to ensure excellent customer service,” he added.
New investors in new technology
As AI innovation flourishes and demand for cutting-edge products soars, a new asset class of investors with bigger checks is emerging. Even established companies are reallocating their investments or considering investing in or partnering with these AI-based startups.
“We are seeing several trends in investment. Traditional VCs exist, of course, but even micro-VCs are entering the market with seed checks, and investors from HNIs (high net worth individuals) and family offices are entering the market. is also investing aggressively, “with bigger checks,” Sangrajka said. He also said that some companies are stepping up investment.
Recently, Panasonic Life
Two Ignition program winners, Enlite and Clairco, have access to corporate venture capital funding ranging from $500,000 to $1.5 million in the next two to six months, as well as business partnership opportunities. said Mahish Misra, Chief Innovation Officer, Panasonic Life Solutions India. FE. Enlite and Clairco are developing IoT-based smart air purification devices and space optimization solutions, focusing on AI-enabled wireless building management systems.
According to Tracxn, the list of top investors in Indian startups includes a wide range of companies with investments ranging from established venture capital firms to emerging angel investors.
So far in 2023 and 2024, pi Ventures is leading the way. pi Ventures is a prominent venture capital firm focused on investing in early stage deep tech startups, with a portfolio of 3 startups with 3 rounds of investments.
Additionally, Pentathlon Ventures and Peak XV Partners are among the investors who made significant contributions. Other notable investors include Exfinity Venture Partners, Endiya Partners, and We Founder Circle.
Over the next three to four quarters, this technology will
“Investments start low, with small checks, especially in a landscape where generative AI is still emerging. So it typically takes a year for a company to see results, so it’s likely that all of it will be at that point.” “You’re going to start seeing checks coming in, and that’s what the early trends are showing,” he said.
