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The last month of 2023 also saw its share of investments in cloud, data, cyber, and AI startups. The month also saw a couple of acquisitions. While there were not any big ticket fundings announced, ArmorCode, the leader in Application Security Posture Management and RiskBased Vulnerability Management, announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale.

For the private sector, we ve submitted a proposal to the government and it ll need funding. The idea is to create a significant amount of GPU capacity in the private sector, with the government as a partner. This ll be like a PPP (public private partnership). The latter will give AI compute as service for startups, researchers and for anyone who has a model that needs to be trained.

Through its app, Landeed equips individuals, landowners, legal advisors, real estate professionals, and organisations to navigate property ownership complexities. With over three million installations on iOS and Android devices, this proptech startup has achieved significant user adoption. It now covers property documents from over 20 states.

In the wake of Microsoft Corp. s $10 billion investment in OpenAI in January, other tech giants raced to partner with leading AI startups through funding and cloud computing deals. Salesforce Inc. led a round in Hugging Face at a $4.5 billion valuation. Alphabet Inc. and Amazon.com Inc. invested billions in OpenAI rival Anthropic. And Nvidia Corp. seemed to back almost every AI startup of note.

At a time when the Indian startup space is going through a funding winter, marked by investors tightening their purse strings, angel investments in fledgling firms have maintained their momentum. While overall deal volumes among startups have fallen, investment activity among the country s most active angel investors have been relatively steady.