Nvidia and Investors Back India Deep Tech Alliance to Support Startups in AI, Robotics, and Semiconductors
Published
- Major boost: The India Deep Tech Alliance has secured over $850 million in new capital commitments, with Nvidia joining as a founding member and strategic advisor.
- Alliance goal: The group aims to close the significant funding gap for research-driven startups in sectors like semiconductors, AI, and robotics.
- Key players: New investors include Qualcomm Ventures, Activate AI, and InfoEdge Ventures.
Nvidia has joined a coalition of U.S. and Indian investors to support India's burgeoning deep-tech sector in a significant move to foster innovation. The initiative, known as the India Deep Tech Alliance (IDTA), recently added new members and secured more than $850 million in fresh capital commitments.Â
The Role of the India Deep Tech Alliance
The IDTA aims to deploy capital over the next five to ten years to promising Indian startups in critical fields such as space technology, semiconductors, artificial intelligence (AI), and robotics.Â
This follows an initial $1 billion commitment made when the alliance launched in September. The effort is designed to address the chronic underfunding of research-intensive startups that often face long development cycles, according to news outlet Reuters.
As a founding member, Nvidia backs Indian startups by providing technical guidance, policy input, and training to help them adopt advanced AI and computing platforms.Â
Other new investors in the alliance include Qualcomm Ventures, Activate AI, InfoEdge Ventures, and Kalaari Capital, which join existing members Celesta Capital and Accel. This collaborative effort provides not only capital but also crucial mentorship and network access to founders.
Closing the Deep-Tech Funding Gap in India
The alliance's formation comes as deep-tech funding in India shows growth but still lags behind overall venture capital investment. Last year, deep-tech funding surged 78% to $1.6 billion, yet this represented only a fraction of the total $7.4 billion raised by all startups.Â
The initiative aligns with the Indian government's push to build core domestic technologies and reduce reliance on imports. By channeling significant private capital into AI and robotics investment, the IDTA is poised to help India secure its economic and strategic independence in high-end technology manufacturing and R&D.
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