India’s first operator-led venture capital firm, Together Fund, has announced the launch of Together AI Studio.
According to the firm, the launch is aimed at assisting startups in leveraging the potential of artificial intelligence (AI) to create significant market capitalization in the coming decade. The launch of Together AI Studio is in line with the earlier announcement of Fund II, a $150 million early-stage fund dedicated to AI-first investments.
India’s growing AI landscape
The announcement comes at a time when India’s software expertise is burgeoning, supported by a growing base of over 5.4 million developers. The environment presents vast opportunities for AI innovation across various domains. Together Fund said it aims to place India at the forefront of the global AI revolution.
Providing comprehensive support to startups
Together AI Studio will provide comprehensive support to startups, right from the ideation stage to scalable growth. This includes assistance in hiring, achieving product-market fit, scaling strategies, and organizational development.
Startups within the AI Studio will gain exclusive access to office hours with Together Fund’s founding partners for strategic guidance and entry into a global network of over 300 leaders in product, engineering, and go-to-market strategies. Additionally, companies will benefit from over $600,000 in credits from major cloud services and access to subject matter experts.
Investment strategy and portfolio
Together Fund plans to invest between $500,000 and $5 million in businesses at various stages under terms favourable to founders. The firm has already made 12 AI investments, including in AI-native companies and startups with significant AI features. Its portfolio includes companies like Workhack, Composioan, Protecto, Toplyne, DhiWise, Spendflo, and Hunar.
Siddharth Sridharan, Co-founder and CEO of Spendflo, highlighted the firm’s valuable contributions from the very beginning, including strategic inputs on product strategy, go-to-market planning, and adopting Gen AI to deliver value to customers.
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