Pi Ventures

LightSpeed Photonics' $6.5 million Pre-Series A round will accelerate development of its compact, energy-efficient optical interconnects aimed at AI, HPC and next-gen data infrastructure

The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million

Biotech startup immunitoAI on Wednesday said it has raised $1 million (over Rs 7 crore) in a seed funding round led by early-stage venture capital fund pi Ventures

Besides CDC Group UK, which invested Rs 400 mn recently, pi Ventures counts Sunil Kant Munjal, IFC, Sidbi, Mohandas Pai, Binny Bansal, Deep Kalra, Sanjeev Bikhchandani and Bhupen Shah among investors

As India has become a centre for data science for several global firms, Startups are looking at the opportunity to leverage local data to build solutions for India's problems. As more entrepreneurs emerge, investors are not far behind. "We meet almost five to six AI product companies a week," said Manish Singhal, Founding Partner at Pi Ventures, in an interview with Alnoor Peermohamed.How did you come up with the idea to start a venture capital fund only to invest in Artificial Intelligence and Machine Learning companies?So I invested in this company in 2015 called Locus. They apply machine learning to logistics and that got me really thinking about the power of data and what you can do with it. When that investment happened there was this penny drop moment of "Why are we not looking at Machine Learning and Artificial Intelligence as a space to invest in?". So we did a lot of ground work, almost five to six months and then nearly a year back we launched Pi Ventures. We're a $30 ...

Among the backers of Pi Ventures is the Small Industries Development Bank of India (SIDBI)