Bansal’s startup plans to triple its workforce in India and significantly increase its R&D efforts using a substantial portion of its recent USD 150 million financing
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The storied investor and former Infosys CFO urges greater R&D funding to drive Indian innovation
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The company is already funding promising AI startups including Cohere, Mistral AI and Scale AI
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Notable backers in this Series B funding include Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, and Fidelity
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India's fast expanding skilled workforce and startup network make it Finland's top talent source
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This round was led by Sequoia Capital and Index Ventures, with additional participation from Altman among others
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Encouraging innovation and nurturing startups can unlock new avenues for wealth creation and job opportunities. Policy changes can be our shield against rising costs
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The investment targets quantum computing ventures that could potentially accelerate the drug discovery processes, a time-consuming and resource-intensive phase in pharmaceutical production
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The CII Charter serves as a guide for startups, outlining governance principles across various stages of their lifecycle. It provides recommendations covering board formation, compliance monitoring, financial oversight, risk management, and stakeholder engagement, among other aspects
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The funding, contributed by two unnamed investors on 19 April, marks the fund's continued efforts to drive investment into early-stage AI-related companies across a range of industries
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