IISc-backed ARTPARK to launch $100 million venture fund to invest in AI, robotics startups
The Indian Institute of Science (IISc) – Bengaluru’s AI & Robotics Technology Park (ARTPARK) has announced the launch of a $100 million venture fund. The Securities Exchange Board of India (SEBI) has given ARTPARK permission to launch the fund. According to Umakant Soni, the CEO of ARTPARK, the venture fund will be formally launched by the end of this month, pending SEBI approval, and fund deployment will likely begin in May or June. Soni said the venture fund size of investments will be in the range of $1 million to…