AI Will be a Tech Mega Trend: 170 AI Start-ups in India Already

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India-based AI startups are hardly visible and don’t command eyepopping valuations that e-commerce companies do. Yet, in recent months these startups have emerged as the hidden jewels which companies like Apple, Facebook, Google, Intel, Microsoft, IBM and other tech powerhouses are panting after. About half-a-dozen India based AI startups have been acquired by global companies in the last 18 months. More could follow.

According to management consulting firm Zinnov, there are around 170 AI startups in India. These enterprises have received a total funding of $36 million. Bengaluru leads the list with 64 startups based there. “In the last five years computing capability and capacity has improved significantly, aiding in the growth of AI startups,” says Hardik Tiwari, engagement lead, Zinnov. Read more

Sweekar S

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