Venture Firm Debuts $150 Million Fund for Indian AI Startups
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Indian venture capital firm Together Fund announced a $150 million early-stage fund to back AI companies, aiming to capitalize on use of the technology in the software-as-a-service market.
The fund is Together’s second and will support seed and Series A companies with as much as $5 million in capital apiece. Its first fund — with $85 million initially in 2021 — has backed 20 software-as-a-service companies, picked from over 1,700 startup pitches in segments like recruitment, security and health care.