Explore the latest news, in-depth reports, and executive analysis tagged with #Ai Infrastructure.
The funding round also saw participation from existing investor MediaTek, AM Intelligence Labs and Intel Capital, among others.
Anupam Mittal founder of People Group and existing investor TDV Partners also invested in the funding round.
While financial details were not officially revealed, reports suggest the deal could be worth more than $300 million.
The funding round also saw participation from RTP Global and Unicorn India Ventures.
Portkey will use the funds to launch go-to-market initiatives, build the governance layer for agentic AI, and develop platform infrastructure for scale.
Other Indian conglomerates also announced plans to develop data centres in India earlier this week.
The target corpus of the new fund includes a greenshoe option of Rs 150 crore.
This move reflects broader industry trends, as tech companies compete to build advanced cloud systems capable of supporting generative AI technologies.
The project is expected to create around 800 permanent jobs and 2,400 construction jobs.
Major agentic products like CrewAI, Flowise, and Langflow integrate Mem0 natively.
The agreement will be delivered through Nscale’s owned operations and Nscale’s joint venture with Aker ASA.
As part of the partnership, OpenAI will design the accelerators and systems.
Samsung and SK also will explore if they could deploy ChatGPT Enterprise and API capabilities into their operations.
The investment will be part of a strategic deal to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s next-generation AI infrastructure.
Google's capital commitment is aligned with broader industry trends as technology corporations accelerate domestic data center construction to support the rapidly expanding AI sector in the US.
