Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Chip giant Nvidia joins India Deep Tech Alliance with $850-M pledge
US chip giant Nvidia has joined Indian and US investors backing India’s deep-tech startups as the group added new members and secured more than USD 850 million in capital commitments to close a big funding gap.Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital are among the new investors joining the India Deep Tech Alliance. The alliance was launched in September with a USD 1 Billion initial commitment to support companies in industries such as space, semiconductors, artificial intelligence and robotics.As a founding member and strategic advisor to the group, Nvidia will provide technical guidance, training and policy input to help Indian deep-tech startups adopt its AI and computing tools.The alliance’s members aim to deploy their own capital to Indian deep-tech startups over the next five to ten years while also providing mentorship and network access.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.