Nvidia, Qualcomm Join $850 Million Push Backing India's Deep-Tech Startups

Nvidia Corp (NASDAQ:NVDA) and Qualcomm‘s (NASDAQ:QCOM) investment arm joined Indian and U.S. investors backing the South Asian country’s deep-tech startups, as the India Deep Tech Alliance (IDTA) expands with new members and fresh capital commitments exceeding $850 million.

Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital are among the other new investors joining the IDTA, which was launched in September with a $1 billion initial commitment.

Founding Member Nvidia To Train, Mentor Startups

Deep tech startups are an umbrella term for emerging companies in semiconductors, space, AI, biotech, robotics, advanced manufacturing, energy, and climate.

As a founding member, Nvidia will mentor and offer technical talks and training through its Nvidia Deep Learning Institute to emerging startups in India. Details of financial commitments were not disclosed.

“Nvidia’s depth of expertise in AI systems, software, and ecosystem-building will benefit ...

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Nvidia, Qualcomm Join $850 Million Push Backing India's Deep-Tech Startups

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