ARTPARK to launch $100 million venture fund exclusively for startups in AI and robotics space
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Synopsis
It will be the biggest venture fund supporting the country's AI and robotics sector, where funding is still at a nascent stage.
ETtech
Illustration: Rahul Awasthi
ARTPARK, a nonprofit that backs technology-driven solutions for social problems, is set to launch a $100 million venture capital fund for Indian startups in the robotics and artificial intelligence sector.
It will be the biggest venture fund supporting the country's AI and robotics sector, where funding is still at a nascent stage.
Bengaluru-based ARTPARK (AI and Robotics Technology Park) works closely with universities and researchers to develop cutting-edge technology solutions to real-world problems specific to India. It aims to help talented people and researchers set up companies and develop products.