To support Indian artificial intelligence (AI) entrepreneurs, SenseAI Ventures announced the launch of its first venture capital fund.
SenseAI Fund I corpus is worth INR 200 Cr, or $25 million. SenseAI intends to make follow-on transactions in its portfolio companies and seeks to invest in 18–20 AI-first enterprises from seed to pre-series A.
The VC firm stated in a statement that this approach is consistent with SenseAI’s dedication to assisting AI-first entrepreneurs and their solutions, enhancing the company’s position in India’s expanding AI market.
“Our approach is beyond capital; as experienced founders and operators we offer bespoke support tailored to the unique needs of each AI-first startup. AI is the single largest value-creation opportunity of our lifetimes….,” said Rahul Agarwalla, cofounder of SenseAI Ventures.
SenseAI Ventures’ portfolio firms include data science company Jovian, conversational voice artificial intelligence solution provider Skit, corporate management platform Tripeur, and consumer healthcare venture CureSkin.
Raja Gopalakrishnan has also joined the company as a general partner of the fund. “We will continue to build on the foundation of ‘beyond capital’ providing more than just funding. We offer a partnership that starts with product and technology, fostering a breed of AI startups that are both successful and revolutionary,” said Gopalakrishnan.
An early-stage fund called SenseAI Ventures makes investments in AI-focused companies such as Vernacular.ai, Cureskin, Niveshi, Jovain.ml, and Monet Networks.