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Accel raises $3.5 billion to invest in emerging global AI startups - The Economic Times
The firm, which has backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised four separate funds dedicated to backing young startups in a moment when the AI race is upending the fundraising market. A $1.35 billion global expansion fund will be set aside for larger early-stage rounds and rapid follow-on investments; $800 million will target US investments, primarily in Silicon Valley; $800 million will be deployed in Europe and Israel; and $550 million in new funds will be invested in India.
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economictimes.indiatimes.com
High AI stakes push Indian VCs to rejig funding playbooks - The Economic Times
Average investments in AI startups have increased to $3-5 million at the seed level and upwards of $10 million in Series A rounds, said investors. For other startups, it is $2-4…
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techcrunch.com
Accel closes oversubscribed $550M India fund within weeks, 19 months after its last | TechCrunch
The U.S. VC firm still has more than 55% of its previous $650 million India fund available for deployment.
