Gen AI start-ups attract over 750 million dollars in cumulative funding since 2023

BENGALURU: The country’s Generative Artificial Intelligence (Gen AI) start-ups have attracted more than 750 million dollars in cumulative funding since 2023.

Many homegrown Gen AI start-ups have emerged in recent times and the total number of start-ups has surged 3.6 times from over 66 in the first half of CY 2023 to more than 240 by the first half of 2024. Of the total funding, net funding addition alone is over 152 million dollars since H1 CY2023.