SenseAI Ventures launches Rs 200 crore fund for AI startups; appoints Raja Gopalakrishnan

SenseAI Ventures, known for its diverse AI-focused portfolio, including CureSkin and Skit, today announced the launch of its maiden venture capital fund, SenseAI Fund I. 

With a target corpus of Rs 200 crore (approx. $25 million), the fund is set to invest in 18-20 AI-first startups, primarily in the seed to Pre-Series A stages.

Onboarding Raja Gopalakrishnan as General Partner

The firm also announced the appointment of Raja Gopalakrishnan, a seasoned tech executive, as the fund's general partner. Gopalakrishnan, with his extensive experience in finance and technology, is expected to be a significant asset to SenseAI's growth plans, the firm said in a statement. 

“His extensive experience in leading three successful startups in diverse fields including Data, BPO, and Money Movement as well as over 30 years in finance and tech positions him as an invaluable asset to SenseAI's ambitious growth plans,” SenseAI Ventures said.

Gopalakrishnan said: “I am very excited to be part of a team that's been a trendsetter in AI investments. We will continue to build on the foundation of ‘Beyond Capital’ by 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.”

Providing support tailored to the unique needs

SenseAI emphasizes a strategy that goes beyond mere capital investment. Co-founder Rahul Agarwalla highlights the firm's commitment to offering bespoke support tailored to the unique needs of each AI-first startup. According to Rahul, this approach aims to foster a new breed of AI startups that are both successful and revolutionary.

What does SenseAI Ventures do?

Since its inception in 2017, SenseAI Ventures has made four exits and invested in 12 startups across various sectors. The firm claims that it boasts a 0 percent failure rate in its portfolio, a testament to its strategic approach to investment. With the Indian AI market projected to reach $4.11 billion in 2023, SenseAI's new fund is well-positioned to capitalize on this growth, it said.

The fund has formed a board of advisors, comprising industry veterans and thought leaders, to provide strategic guidance. This initiative aligns with SenseAI's goal to solidify its role in India's burgeoning AI landscape and support innovative solutions in the AI sector, it added.

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