Google Cloud Brace Young AI Startups

Google Cloud Stands by Indian AI Startups

• Tech giant Google hosted an AI Startups Summit in Bengaluru, where it announced a suite of programmes and partnerships designed to accelerate the growth of artificial intelligence (AI) startups in the country.
• These initiatives will support early-stage AI founders by helping them build, grow, and acquire customers for their solutions using Google Cloud.
• The tech giant recently introduced Emerging ISV Partner Springboard, a 12-week programme designed to fuel growth for AI startups. Participants will benefit from hands-on support in creating go-to-market assets, consultations with Google AI experts for product refinement, guidance on technical architecture best practices, and streamlined onboarding to Google Cloud Marketplace.
• During a fireside chat at the Global Google Cloud Summit in October 2024, Google Cloud CEO Thomas Kurian expressed his admiration for the innovation and resilience of startups leveraging AI and cloud technology to fuel transformative growth. He stated, “At Google Cloud, our mission is to support these pioneers by providing the essential tools, resources, and mentorship they need to thrive. Through strategic partnerships, tailored programmes, and advanced infrastructure, we are committed to enabling businesses to scale their impact and drive the next wave of digital transformation.”
• Early-stage founders will receive increased support through the Google for Startups Cloud Programme, which will now provide USD 200,000 in Google Cloud credits over two years, giving founders the runway to build and scale their vision.
• AI-first startups will receive even greater support, with USD 350,000 in credits, recognising the increased computational demands of cutting-edge AI development. This investment will empower founders to leverage the full power and potential of Google Cloud.
• Google has also partnered with Y Combinator to provide dedicated access to NVIDIA H100 GPUs and Google Cloud TPUs, cloud credits, support, and mentorship to its Summer 2024 cohort of AI-first startups.
• Additionally, Google is collaborating with leading early-stage accelerators and incubators, including 500, StartX, Berkeley Skydeck, and more, to provide early-stage founders with a special package of Google Cloud credits, expert guidance, and technical workshops.
• Google also announced the launch of Startup School: GenAI, a comprehensive four-week immersive training programme designed to empower startups in leveraging the full potential of artificial intelligence.
• Beginning October 29, this free online series offers live, interactive classes led by Google AI experts. Participants will gain practical experience with generative AI, explore the latest Google Cloud AI innovations, and learn best practices for developing and deploying AI solutions. The curriculum covers a range of topics, from foundational concepts to advanced techniques, equipping startups with the knowledge and skills needed to build cutting-edge AI-powered products and services.

AI Startup Landscape in India

• The global Gen AI market is projected to grow from USD 39.2 billion in 2023 to USD 1082.4 billion by 2033. The market is anticipated to expand at a CAGR of 40.22% from 2024 to 2033. There are over 150 Gen AI startups currently operating in India.
• 51.4% of India’s Gen AI startups are based in Bengaluru, positioning the city as a leading hub for Gen AI startups in the country.
• Gen AI startups such as Krutrim AI, Sarvam AI, EMA, Neysa Networks, Raga AI have all received substantial funding in 2024.
• In 2024, Krutrim AI raised USD 50 million in funding.
• 54.0% of AI startups obtained funding in their seed round.

Editor’s Note