AI Startup Funding & Acquisition Report 2023

AI Startup Funding & Acquisition Report 2023

Artificial Intelligence is no longer a fringe technology in India. Rapid digitalisation in various industries such as banking, financial services and insurance (BFSI), telecommunication, healthcare and automotive have raised a demand for AI-integrated systems. This has fuelled the growth of startups providing AI and related services across different sectors to solve business challenges.

With the increasing adoption of AI and related technologies, the funding of enterprises providing such services has seen an uptick over the years. However, in 2022, there has been only a marginal increase in funding for AI startups. Funding has increased marginally from $1,108 Million in 2021 to $1,109.62 Million in 2022. Moreover, funding rounds have decreased sharply from 135 in 2021 to 47 in 2022.

The report traces how funding in Indian AI startups varies across months, stages (for example, early-stage and late-stage), industries and cities.

The report also covers the acquisition deals in Indian AI startups that happened in the year 2022. With fewer funding rounds in 2022, larger AI enterprises and startups are looking for mergers and acquisitions to diversify into newer domains.

Since the pandemic began, companies have shifted to a remote work model necessitating the need to automate different business processes. AI has been a key technology driving automation. Consequently, several enterprises have shown interest in acquiring AI-based startups. In 2022, 32 AI startups were acquired by big enterprises, unicorns and soonicorns.

Read the complete report here:

CDO Vision Dubai

26th October, 2023 | TAJ JUMEIRAH LAKES TOWERS | Dubai

Unite with Dubai's foremost Chief Data Officers at an exclusive networking event brought to you by AIM Leaders Council.

Our Latest Reports on Artificial Intelligence & Data Science

  • State of Global Capability Centers (GCCs) in India 2023

    The “GCC in India 2023” report offers a comprehensive examination of the rapidly evolving landscape of Global Capability Centers (GCCs) in India. It explores the different types of centers, including their functionalities and operational aspects. As businesses globally aim to centralize specific functions for better efficiency, India continues to be a preferred destination due to its talent pool and cost advantages.

  • Data Science Skills Study 2023

    In an era defined by the data revolution, the field of data analytics has become the backbone of decision-making across industries. As organizations strive to harness the power of data, the role of data and analytics professionals has evolved into one of paramount importance. The “Data Science Skill Study 2023” by AIM-Research delves into the multifaceted landscape of these professionals, shedding light on their skills, preferences, and the ever-evolving trends that shape their work.

  • Tackling the major roadblocks of text-based GenAI

    In recent years, the field of text-based generative artificial intelligence (AI) has witnessed remarkable advancements, revolutionizing natural language processing and generating human-like textual content. These AI models, such as GPT-3, have demonstrated unprecedented capabilities in generating coherent stories, answering questions, and even simulating human conversation.

    However, within this realm of immense promise, lie substantial challenges and obstacles that demand prudent navigation. As text-based generative AI achieves unprecedented capabilities, it simultaneously encounters complex roadblocks that necessitate careful consideration. These challenges encompass a range of intricate issues that span from accuracy and coherence to ethical considerations and contextual understanding.

    This report aims to explore and dissect the major roadblocks encountered in the domain of text-based generative AI and present effective strategies to overcome them.


  • Generative AI Tools: A Comprehensive Market Analysis

    The market for Generative AI tools is thriving, propelled by the expanding applications of these technologies and the growing recognition of their potential benefits. Industries across the spectrum, from tech and entertainment to healthcare and finance, are leveraging these tools to streamline processes, enhance creativity, and make strides in innovation.

    This report aims to provide an exhaustive analysis of Generative AI tools that are dedicated to individual functionalities. By investigating the market dynamics, uncovering trends, and identifying key players, this report offers essential insights into the current scenario and future prospects of these tools.


Subscribe to our Newsletter

By clicking the “Continue” button, you are agreeing to the AIM Terms of Use and Privacy Policy.

Supercharge your top goals and objectives to reach new heights of success!