Krutrim AI, founded by Ola's Bhavish Aggarwal, plans to launch translation APIs for Indian languages on its cloud platform, covering text, speech, and video.
The company recently released an Android app, launched Krutrim AI Cloud for enterprises, and partnered with Databricks to enhance its language model capabilities.
In January 2024, Krutrim became India's first AI unicorn with a $50 million funding round, and is developing data centers and AI-optimized chips to compete in the growing Indian AI market.
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Ola founder and chief executive officer (CEO) Bhavish Aggarwal said that Krutrim will soon launch high-quality translation APIs for English to/from Indian languages across text, speech, and video modalities on Krutrim cloud.
Taking to X, Aggarwal asked his followers, “What kind of apps and use cases would you use it for? Any feature requests?”
Krutrim AI, founded by Aggarwal, is an artificial intelligence company focusing on Indian language capabilities. The AI can understand 22 Indian languages and generate content in 10 languages.
Krutrim released its Android app on May 2, now available on the Google Play Store. The app offers writing assistance and information gathering. At a recent event, Aggarwal stated that the startup aims to build a platform for Indian developers to create global apps with Krutrim.
The company launched Krutrim AI Cloud, its cloud platform for enterprises, researchers, and developers. This platform provides access to AI computing infrastructure, Krutrim’s foundational models, and other open-source models like Meta’s Llama 3 and Mistral.
Krutrim also announced a partnership with Databricks to pre-train and fine-tune its foundational LLM for Indian languages. The collaboration aims to accelerate the development of generative AI solutions in India.
The startup competes with domestic players such as Bharat GPT by CoRover.ai, Pragna by Soket Labs, Tech Mahindra-backed Project Indus, and Lightspeed-backed Sarvam AI. Globally, Krutrim ranks 19th among 79 competitors, including OpenAI, DeepMind, and xAI.
In January 2024, Krutrim AI became India’s first AI unicorn after raising a $50 million funding round led by Matrix Partners India. This valuation of $1 billion marked Krutrim as India’s first unicorn of 2024 and the first homegrown AI firm to reach this milestone.
Krutrim is developing indigenous data centres and plans to enter server-computing, edge-computing, and super-computers. The startup is also working on manufacturing AI-optimised silicon chips.
According to ‘India’s Generative AI Startup Landscape 2023’ report, the country’s GenAI market is projected to grow from $1.1 billion in 2023 to $17 billion by 2030, with a CAGR of 48%.
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