Jagmeet Singh

ServiceNow is investing $40 million in BusinessNext, an Indian banking software specialist, valuing the company at $700 million. The investment positions BusinessNext as a strategic partner to expand AI-powered banking software globally. The deal reflects ServiceNow's broader push into financial services technology.

Glow, a startup focused on endpoint security for the AI era, has emerged from stealth with a $1.2 billion valuation. The company targets a new class of security risks created by rapid enterprise adoption of AI agents and developer tools. Glow's emergence reflects growing concern among enterprises about endpoint vulnerabilities introduced by AI-powered workflows.

Indian AI coding startup Emergent has achieved unicorn status with a $130 million Series C funding round, just over a year after launch. The company has reached $120 million in annualized revenue run rate and serves more than 200,000 paying customers. The rapid valuation milestone reflects strong market demand for AI-powered developer tools.

Anthropic has begun offering Claude subscription plans denominated in Indian rupees, marking the company's first localized pricing initiative. India represents Anthropic's largest market outside the United States. The move reflects growing demand for AI services in the region and removes friction from currency conversion for Indian users.

OKX, a major crypto exchange, is building a marketplace that enables AI agents to hire, pay, and establish reputation with one another using blockchain-based payments and identity systems. The platform integrates payments infrastructure with identity verification and reputation tracking to create an economic layer for autonomous AI systems. This represents an early attempt to create economic coordination mechanisms between non-human actors.

OpenAI has hired Uber India's chief to lead operations in India, its largest market outside the United States. The move signals OpenAI's commitment to expanding its presence in the country through new offices, partnerships, and hiring. This appointment reflects intensifying competition for talent and market share in India's growing AI sector.

Amazon announced a $13 billion investment in AI infrastructure in India, joining other global tech companies in expanding computational capacity in the country. The investment reflects intensifying competition among major technology firms to establish AI infrastructure presence in India's growing market. The move signals Amazon's commitment to supporting AI development and deployment in the region.

MoEngage, an Indian marketing platform, has completed an all-cash deal to acquire technology that enables assignment of individual AI agents to customers. The acquisition gives the company access to a system designed to personalize marketing at scale through dedicated AI agents for each customer. This move positions MoEngage to compete in an emerging market segment focused on AI-driven customer engagement.

A Canadian pension fund has acquired an 8.2% stake in CtrlS, an Indian data center operator that runs more than 15 facilities across the country. The investment reflects growing capital competition to fund infrastructure supporting AI workloads in India. The deal signals institutional investor confidence in India's data center market as AI adoption accelerates.

NewCore has raised $66M to build identity and security infrastructure for AI agents operating as enterprise employees. The startup argues that managing AI agents, rather than people, will become the primary enterprise security challenge. The funding reflects growing recognition that AI systems need formal identity frameworks as they take on autonomous workplace roles.

Sarvam, a Bengaluru-based AI startup, has reached unicorn status with a $234 million funding round led by HCLTech, which is contributing $150 million of the total. The round establishes Sarvam as India's newest AI unicorn and signals growing investment in domestic AI infrastructure and services. HCLTech's substantial commitment reflects confidence in Sarvam's technology and market position within India's AI ecosystem.

Meta has signed its first AI data center deal in India with Reliance, establishing a 168-megawatt facility to support the company's global AI computing needs. The facility can be expanded over time as demand grows. This marks Meta's entry into India's data center infrastructure market for AI workloads.

AirTrunk, an Australian data center operator, announced a $30 billion commitment to build 5GW of AI data center capacity in India. The investment represents a major infrastructure play in a region increasingly central to global AI compute demand. The deployment addresses growing needs for AI workloads in one of the world's largest markets.

Coralogix, an observability platform, raised $200 million in Series F funding at a $1.6 billion valuation, less than a year after its previous funding round. The investment reflects growing demand for monitoring and management tools as AI agents become more prevalent in production environments. The company is positioning itself to provide the observability layer needed to track and manage autonomous AI systems.

Vapi, an AI voice platform startup, has reached a $500M valuation after winning Amazon Ring as a customer, beating out more than 40 competing vendors. The company's enterprise business has grown 10-fold since early 2025 as organizations increasingly deploy AI agents to handle customer support and sales calls. The Amazon Ring win signals growing mainstream adoption of AI voice technology in consumer-facing applications and validates Vapi's platform approach in a competitive market.

Wispr Flow reports accelerated growth in India following its Hinglish language rollout, demonstrating early traction in a market where voice AI products face significant technical and operational hurdles. The company's expansion into Hinglish, a code-mixed blend of Hindi and English widely spoken across urban India, appears to have unlocked user adoption despite persistent challenges in voice AI deployment across the region. The move signals both opportunity and difficulty in building voice products for non-English markets with diverse linguistic patterns.

Krutrim, India's first generative AI unicorn, is pivoting away from building proprietary AI models toward cloud services following recent layoffs and a slowdown in product updates. The shift reflects the mounting economic and technical challenges of developing competitive large language models in India, where capital requirements, talent costs, and competition from well-funded global players have intensified. The move signals a broader reality check for AI startups attempting to compete in model development without the scale or resources of established tech giants.

ChatGPT Images 2.0 has gained significant traction among Indian users who are leveraging the tool to create personal and creative visuals, including avatars and cinematic portraits. The feature has not yet achieved comparable adoption momentum in other major markets. The regional disparity suggests different use case priorities and adoption patterns across geographies for OpenAI's image generation capabilities.

OpenAI and Infosys have announced an integration to help Infosys clients adopt AI tools across their operations. The partnership will initially target software engineering, legacy system modernization, and DevOps workflows, with the goal of automating processes and accelerating AI system deployment. This move extends OpenAI's reach into enterprise consulting and systems integration, leveraging Infosys's existing client relationships and implementation expertise.