The funding scene for AI has been challenging, in India.
According to Tracxn data, funding for AI startups in India plummeted nearly 80% in 2023, from $554.7 million in 2022 to $113.4 million.
In stark contrast, U.S. AI startup funding surged by
Successful Startups in 2024
1. Turing
Country: USA
Funding: $100 million Series D
Founder: Jonathan Siddharth
Profit: $200 million revenue
Outcome: Profitable, expanded AI-driven talent matching.
2. Upstox
Country: India
Funding: $65 milli
Indian AI startups:
Uniphore Technologies
Industry: Conversational Service Automation (CSA)
Funding:
Total funding raised: Over $658 million across 13 rounds (as of June 20, 2024)
Largest funding round: Series E in January 2022 for $400