Google To Invest in Bengaluru based Generative AI Startup – CoRover.ai

Search giant Google is on verge of investing close to $4 million in Bengaluru based conversational & generative artificial intelligence startup Corover.ai, report several media outlets including, Economic Times, citing people privy to the matter.

In June this year, the startup has announced that it would introduce BharatGPT, a Generative AI (text, voice, video) for Indian organisations and in Indian languages. This makes Corover among a handful of Indian tech startups building an indigenous large language model (LLM), i.e. BharatGPT, which claims to support more than a dozen Indian languages.

Google had already financed the startup with $500,000 in an non equity funding, in March this year.

Now in a latest, Google is reportedly in discussions to invest $4 million in equity following the official launch of BharatGPT in the coming weeks.

Further, Google will provide credits to Corover to access cloud computing. The cash financing will go into scaling BharatGPT further.

Founded in 2016, by Ankush Sabharwal, Kunal Bhakhri, Manav Gandotra and Rahul Ranjan, Corover helps enterprises to improve the top line via lead-generation and engagement (Up-Sell & Cross-Sell) and also grow the bottom line via round-the-clock AI Virtual Assistant (AI Video Bot, AI Voice Bot, AI Chat Bot) which automates 70% of the customer support.

Among its investors, Corovers has CanBank Venture Capital Fund, Lead Angels, Cognify, Karekeba Ventures, and IIIT-Delhi.

Advertisements

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.