Why Tech Companies Are Pumping Money Into Artificial Intelligence

The company also raised an undisclosed amount in seed funding from Unilazer Ventures, a Mumbai-based VC firm founded by Ronnie Screwvala, in October 2015. Digital Payment player Paytm has invested an undisclosed amount in Noida-based online health tech start-up QorQL, which uses artificial intelligence and big data to improve a doctor's productivity, care quality, and patient experience. Delhi-based AI start-up Innefu Labs raised $ 2 million Series A funding from IndiaNivesh venture capital fund. The start-up will utilize funds to enhance its cyber security solutions related to predictive intelligence and biometric authentication.