Wipro founder Azim Premji puts $50 million in Paris-based GenAI startup Poolside.ai
The founder of Wipro, Azim Premji plans to invest $50 million in Paris-based generative artificial intelligence (AI) startup Poolside.ai. This will be their part of $400-million round the startup planned to raise. The company Poolside bagged $126 million in August in a massive seed round.
The current round will be measured at a valuation of $2 billion, according to a recent report by TechCrunch, underscoring the investor euphoria in the rapidly evolving artificial intelligence space. Poolside is the third global AI bet by Premji Invest after Canva and Hippocratic AI in recent months, as it looks to capitalise on the generative AI boom.
Poolside started training a large language model (LLM) that is focused on software development and allowing it to improve by completing millions of tasks in tens of thousands of real-world software projects.
Poolside is Premji Invest's third major global AI investment in recent months, following Canva and Hippocratic AI, as the firm seeks to capitalize on the generative AI boom.
Poolside, founded in April 2023 by Jason Warner and Eiso Kant, is a Paris-based startup with a three-step approach: first, it aids developers in using AI to build software; second, it democratizes software creation through AI-assisted interactionsAI-assisted interactions; and finally, it extends these capabilities beyond software into other fields. Warner, formerly an investor at Redpoint and CTO at GitHub, and Kant, a serial entrepreneur, lead the venture.
Poolside is the third significant foundational model startup to come out of Paris, after Mistral and H, which have also raised hundreds of millions from investors.
Premji has also invested in Australian graphic design firm Canva as part of a secondary transaction, where it is buying shares tendered by employees. During March the company co-founded Hippocratic AI with $53-million in Series A round. Curreently, Azim Premji manages assets worth $14.3 billion, with investments in India and the US.
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The current round will be measured at a valuation of $2 billion, according to a recent report by TechCrunch, underscoring the investor euphoria in the rapidly evolving artificial intelligence space. Poolside is the third global AI bet by Premji Invest after Canva and Hippocratic AI in recent months, as it looks to capitalise on the generative AI boom.
Poolside started training a large language model (LLM) that is focused on software development and allowing it to improve by completing millions of tasks in tens of thousands of real-world software projects.
Poolside is Premji Invest's third major global AI investment in recent months, following Canva and Hippocratic AI, as the firm seeks to capitalize on the generative AI boom.
Poolside, founded in April 2023 by Jason Warner and Eiso Kant, is a Paris-based startup with a three-step approach: first, it aids developers in using AI to build software; second, it democratizes software creation through AI-assisted interactionsAI-assisted interactions; and finally, it extends these capabilities beyond software into other fields. Warner, formerly an investor at Redpoint and CTO at GitHub, and Kant, a serial entrepreneur, lead the venture.
Poolside is the third significant foundational model startup to come out of Paris, after Mistral and H, which have also raised hundreds of millions from investors.
Premji has also invested in Australian graphic design firm Canva as part of a secondary transaction, where it is buying shares tendered by employees. During March the company co-founded Hippocratic AI with $53-million in Series A round. Curreently, Azim Premji manages assets worth $14.3 billion, with investments in India and the US.
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