Indian AI firm to invest $13.7m in first large reasoning model

Mumbai-based Fractal Analytics will invest 118 crore rupees (US$13.7 million) to develop India’s first large reasoning model (LRM), seeking 76 crore rupees (US$8.8 million) in subsidies under the IndiaAI Mission.

The company will allocate 94 crore rupees (US$11 million) to acquire GPUs, requiring 700,000 hours of computation over nine months.

The LRM will have small, medium, and large versions, using datasets from 2 billion to 1 trillion tokens.

The program aims to boost AI infrastructure and model development, with 187 applications received so far.

Recent Fractal developments

Timeline
20-Mar-2025 🚀 Indian SaaS firm Fractal backs Asper.AI with $20m investment Fractal invests $20M in Asper.AI for growth. Speculation surrounds Fractal’s potential $500M IPO.
24-Sep-2024 📈 Indian AI firm Fractal eyes IPO, $3.5b valuation Fractal Analytics plans a $500M IPO in Mumbai. Valuation target set at $3.5 billion for the share sale.
29-Apr-2022 💰 Exclusive: Sequoia-backed 🩺 firm raises additional series C funding Qure raises undisclosed funds from MSD for expansion Focus on hiring and regulatory clearances in key markets
27-Feb-2020 💰 AI healthtech firm Qure.ai bags $16m in Sequoia-led round Qure.ai raises $16M to expand into new markets Focus on AI in radiology for accessible healthcare
09-May-2019 💰 Startupbootcamp invests in 10 global fintech startups Startupbootcamp selects 10 fintech startups. Each receives $17,000 investment and mentorship.

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