Andrew Ng’s AI Fund has made its debut investment in India by supporting Jivi, an AI healthcare startup based in Gurugram.
Known for investing in technology-centric companies, the AI-focused venture fund sees Jivi as a promising entry into India’s fast-expanding AI landscape.
Jivi’s platform leverages artificial intelligence to help healthcare providers by offering diagnosis suggestions, generating medical reports, and handling various administrative functions, as per the fund’s announcement.
Though the specific amount of the investment and the stake acquired in Jivi were not revealed, this step highlights AI Fund’s dedication to broadening its healthcare-focused portfolio.
Ankur Jain, who previously served as the chief product officer at BharatPe, exited the fintech company last year to explore opportunities in AI and healthcare.
Teaming up with G V Sanjay Reddy, the chairman of Reddy Ventures, Jain co-founded Jivi.ai, making this his second venture into entrepreneurship.
Backed by a solid foundation in AI and machine learning, Jain launched Jivi in January 2024.
Shortly after its founding, the startup introduced its initial model, Jivi MedX, which surpassed well-known models such as Google’s Med-PaLM 2 and OpenAI’s GPT-4 on the Open Medical LLM Leaderboard.
In an interview, Jain shared that the company aims to release a range of healthcare-focused models over the next few months.
Although Jivi MedX is a text-based model, we are currently developing a range of other models that we refer to internally as a model cluster.
For instance, there might be a separate model specifically for diabetes, and another tailored to ophthalmology. Jain explained that the upcoming release from Jivi will be a vision model, and we are also working on a multimodal version of MedX.
AI Fund, which has supported ventures like Podcastle, a platform for podcast production, and Octagon AI, an investment research tool, counts major backers such as Sequoia Capital and Softbank Group among its supporters.
Andrew Ng, the AI fund‘s managing general partner and an AI expert, has a rich history in AI projects, previously heading initiatives at Google (part of Alphabet) and Baidu. Additionally, he joined Amazon’s board earlier this year.
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