Early-stage venture capital (VC) firm Pentathlon Ventures has made the final close of its second fund at Rs 255 crore. In a separate development, Deccan AI, a startup providing post-training data and evaluation services, has secured $25 million in its Series A funding round.
Pentathlon Ventures closes second fund at $27m
Early-stage venture capital (VC) firm Pentathlon Ventures has made the final close of its second fund at Rs 255 crore ($27m), per an announcement.
The fund, focused on B2B technology, plans to invest in about 16-20 seed-stage startups.
The firm is targeting startups in areas including enterprise AI transformation, fintech, healthtech, cybersecurity, logistics, and manufacturing.
Pentathlon Ventures is understood to have garnered the backing of family offices, HNIs, and entrepreneurs across India, the United States, and the Middle East for the fund.
Deccan AI raises $25m from A91 Partners, Prosus and SIG
Deccan AI, a startup providing post-training data and evaluation services, has secured $25 million in Series A funding, per media reports.
The round was led by A91 Partners, with participation from Susquehanna International Group (SIG) and Prosus Ventures.
The company plans to use the funding to expand its enterprise-focused AI offerings and enhance its platform for deploying and evaluating AI systems.
Deccan AI caters to large enterprises, including Fortune 500 companies. Its customers include Google DeepMind and Snowflake, among others.
