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Lightspeed targets $250 million for new India fund focused on early-stage AI

Lightspeed targets $250 million for new India fund focused on early-stage AI

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Summary

Lightspeed is targeting $250 million for a new fund in India focused on investing in early-stage artificial intelligence companies. The information was reported by TechCrunch.

Details

Investment firm Lightspeed is targeting $250 million for a new fund in India focused on early-stage companies in the artificial intelligence sector.

According to information published by TechCrunch, the new fund will focus on early investments in AI companies in India.

The available information does not include further details about the fund’s structure, the timeline for raising the capital or the specific companies Lightspeed may be considering.

NEXORA AI — Why it matters

The planned fund could provide additional early-stage financing for AI companies in India.

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Read the original publication at TechCrunch