Bengaluru-based artificial intelligence (AI) startup Rocket has secured $15 million (₹125 crore) in a seed funding round, marking one of the largest early-stage AI investments in India.
The funding round was led by global venture capital firms Lightspeed Venture Partners and Accel, with participation from prominent angel investors in the AI ecosystem. Rocket plans to use the fresh capital to strengthen its AI research team, expand globally, and accelerate the development of its enterprise-focused AI solutions.
Rocket’s Vision
Founded in 2024, Rocket builds AI tools designed for large-scale enterprises, focusing on automating workflows, data processing, and decision-making. The startup aims to position itself as India’s answer to OpenAI by creating scalable, business-first AI solutions.
“India has the talent and the market size to build world-class AI companies. Our goal is to help enterprises unlock the power of AI for real-world efficiency,” said Rocket’s co-founder and CEO.
Market Context
The investment comes at a time when India is seeing a surge in AI adoption across industries like finance, healthcare, and e-commerce. According to Nasscom, India’s AI market is expected to reach $17 billion by 2027, growing at a CAGR of 25%. Rocket’s funding signals investor confidence in India’s potential to lead the global AI race.
What’s Next for Rocket?
With this seed funding, Rocket will:
- Expand its engineering and research team in Bengaluru and San Francisco.
- Launch AI-powered enterprise solutions targeting Fortune 500 companies.
- Invest in partnerships with universities and research labs.
- Strengthen its infrastructure for large-scale AI model training.
Summary Table
| Detail | Information |
|---|---|
| Startup Name | Rocket |
| Founded | 2024 |
| Headquarters | Bengaluru, India |
| Funding Round | Seed |
| Amount Raised | $15 million (₹125 crore) |
| Lead Investors | Lightspeed, Accel |
| Key Focus | Enterprise AI solutions |
| Future Plans | Global expansion, R&D, AI model training |
