5 min
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Manish Singhal, Co-founder, Pi Ventures[/caption]
To give a major boost to AI based developments in the country, pi Ventures, India’s first stage venture fund focused on applied artificial intelligence, machine learning and IoT, has announced the second close to their fund at $25 mn (~160CR INR).
Co-founded by Manish Singhal and Umakant Soni, pi Ventures invests in early stage startups that focus on solving problems in healthcare, logistics, retail, fintech and enterprise sectors using applied AI, ML & IoT. With a rich experience in setting up, building and scaling companies, the VC led by Singhal and Soni, plans to invest in 18-20 startups over a time frame of 3-4 years. It had announced its first close of $13 mn in March 2017.
It has so far invested in four startups in the healthcare & energy-efficiency space, as follows:
The VC claims to be holding interesting #chAI sessions, aka AI over a cup of chai sessions to bring together and encourage the ecosystem. An open-for-all session, it has been attended by researchers from universities, startups, large companies and students. It has lead to a lot of cross pollination of ideas, educating the audience about best practices in building AI companies.
Manish Singhal, Co-founder, Pi Ventures[/caption]
To give a major boost to AI based developments in the country, pi Ventures, India’s first stage venture fund focused on applied artificial intelligence, machine learning and IoT, has announced the second close to their fund at $25 mn (~160CR INR).
Co-founded by Manish Singhal and Umakant Soni, pi Ventures invests in early stage startups that focus on solving problems in healthcare, logistics, retail, fintech and enterprise sectors using applied AI, ML & IoT. With a rich experience in setting up, building and scaling companies, the VC led by Singhal and Soni, plans to invest in 18-20 startups over a time frame of 3-4 years. It had announced its first close of $13 mn in March 2017.
It has so far invested in four startups in the healthcare & energy-efficiency space, as follows:
- Sigtuple, that is creating deep learning driven, cloud based solution for detection of abnormalities and trends in medical data for blood diagnosis.
- Zenatix, a data-driven energy efficiency company, using advanced machine learning based models that delivers up to 30% energy efficiency to large commercial consumers of electricity.
- Ten3T, that builds wearable medical devices that collects and integrates medical grade data in real time like an ECG through its own smart patches to enable mobile ICU for smaller hospitals.
- NIRAMAI Health Analytix, a health tech startup that is building a revolutionary non-invasive, non-touch, non-radiation approach to detect breast cancer much earlier than traditional methods or self-examination.
The VC claims to be holding interesting #chAI sessions, aka AI over a cup of chai sessions to bring together and encourage the ecosystem. An open-for-all session, it has been attended by researchers from universities, startups, large companies and students. It has lead to a lot of cross pollination of ideas, educating the audience about best practices in building AI companies.- Three Members Behind Claude Code Leave Anthropic Within 10 Days
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