India: AI4Bharat researchers to raise $12m from Peak XV, Lightspeed for own startup

India: AI4Bharat researchers to raise $12m from Peak XV, Lightspeed for own startup

FILE PHOTO: AI (Artificial Intelligence) letters and robot miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter.