Andrew Ng’s AI Fund has made its first investment in India, backing the Gurugram-based healthcare AI startup, Jivi. This marks a significant step for the AI Fund, which has previously invested in global tech platforms like Podcastle and Octagon AI. According to a report by Nasscom and BCG, India’s AI sector is projected to more than double, reaching up to $22 billion by 2027, with products and startups expected to account for 15-17% of the market, alongside financial services.
Jivi uses AI technology to suggest potential diagnoses, recommend treatments, generate health reports, and handle administrative tasks, according to a statement from the fund. While the specifics of the investment and the stake acquired were not disclosed, the move signals AI Fund’s confidence in the growing healthcare AI space in India.
Andrew Ng, managing general partner of AI Fund, also joined Amazon’s board in April and has previously led AI initiatives at Alphabet’s Google and Chinese search engine Baidu.
