India ranks 5th in countries with most Al investment

Category : International Published on: April 15 2023

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According to Stanford University’s annual Al Index report 2023, India ranked fifth in terms of investments received by startups offering artificial intelligence (Al)-based products.
Total investments in AI startups in India stood at $3.24 billion in 2022, placing it ahead of South Korea, Germany, Canada and Australia, among others.
Those ahead of India in the list are the US, China, the UK and Israel.
The report also showed that AI startups in India received total funding of $7.73 billion during 2013-2022, making it the sixth leading country with the most AI investments during the period. Nearly 40% of this investment was made last year.
Among Indian AI startups, Chennai-based conversational AI startup Uniphore raised $400 million in a Series E funding round last year at a valuation of $2.5 billion.

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