Investors earmark 25,000 crore funds for AI, automation startups

Venture capital firms such as Accel, Bessemer Venture Partners, BoldCap, IvyCap Ventures, and Indian Angel Network, are looking to double down on their investments in artificial intelligence (AI) startups with nearly over Rs 25,000 crore overall fund over the years.

While the broader funds announced by some of the investors is sector agnostic, with a focus on specific areas such as AI for services, AI in vertical software, hyper automation, domain-specific large language models (LLMs), and generative AI, most investors such as Accel and Bessemer, have a dedicated AI fund. “We have a dedicated $1 billion fund for AI investments. Our focus is across categories – enterprises and general usecases,” said Vatsalya Tandon, investor at Bessemer Venture Partners.