Angel Network plans to invest over Rs 1 crore in artificial intelligence startups

NEW DELHI: Mumbai-based Angel Network and co-working space Venture Catalysts, which has over 150 angels in its network, plans to invest over a crore in artificial intelligence startups over the next one year.The network which recently partnered with Silicon Valley-based startup accelerator Plug and Play, eyes big growth potential in this space and has already made investments in startups like vPhrase and ConfirmTkt. It is set to announce one more investment in this vertical in the next one month.”We believe AI is going to hugely impact all verticals of business and will be critical for those like ecommerce since the algorithms developed by such companies have the power to read data in a much faster and efficient way, impacting business decisions and saving both time and costs,” said Apoorv Ranjan…


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