New Delhi, Dec 5 (PTI) Investment firm Sense AI has launched a USD 25 million (about Rs 200 crore) fund which will primarily invest in Indian artificial intelligence start-ups over the next three-and-a-half years, the company said on Tuesday.

SenseAI Fund I plans to invest in 18-20 AI-first startups, focusing on early stage companies and may further make follow-on investments in its most promising portfolio companies, the company said.

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"We (will) fully invest the fund over the first 3.5 years and exit by the end of 8 years," SenseAI Ventures, Co-Founder, Rahul Agarwalla said.

He said that the fund is primarily focused on Indians but it may do a few foreign domiciled startups with Indian founders.

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"Our approach is beyond capital. As experienced founders and operators we offer bespoke support tailored to the unique needs of each AI-first startup. AI is the single largest value-creation opportunity of our lifetimes. In this new era of AI, SenseAI is not just a participant, but a catalyst for groundbreaking change," Agarwalla said.

The firm claims to have successfully achieved four exits and maintains a portfolio of 12 high-potential startups in areas such as AI software-as-a-service, AI B2C, and AI Tools.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)