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VC Investments In Enterprise Tech And AI – Forbes

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According to Toptal, the venture capital sector has grown by 12.1% annually since the financial crisis. The same source tells us that the amount of capital raised per year has grown by 100% over the decade.

Hundreds of venture capitalists are backing up startups and entrepreneurs with billions of dollars each year. Many businesses rely on these VC investments and entire economies depend on it.

When choosing to back up projects, most investors look for innovation, expertise, and profitable opportunities. I’m going to take a look at some of the top tier venture capitalists and their investments in the field of enterprise tech and AI.

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Companies with a focus on AI have collected over 9.3 billion dollars in the US during 2018. The number of venture capital investments keeps growing on a global scale, opening up new opportunities for startups and entrepreneurs who are looking for their golden ticket to the enterprise tech and AI space.

As stated on Kurtosys, venture capital deals ranged between $10 million and $25 million in the US ten years ago. Today, there is a trend of $50 million plus deals getting a greater share of total investment.

Top tier macro venture capitalists in the startup ecosystem include Benchmark, Index Ventures, Felicis Ventures, and Union Square Ventures.

  • Benchmark has thus far made 590 investments with their most recent one being in December of 2019 when over 60 million dollars was invested in Wildlife Studios. They focus on early-stage venture investing in mobile and enterprise tech startups.
  • Index Ventures is a London-based investment group that focuses on early startup investments and business expansion opportunities. Their most notable achievement is the creation of a $1.65 billion fund focused on technology startups. It is worth noting that Index Ventures has already invested in software and cloud storage giants such as Dropbox and Zuora.
  • Must not forget Felicis Ventures, a growing San Francisco-based venture capital firm with a focus on enterprise tech and AI startups. The firm has formed six funds thus far, with their largest fund being worth over $270 million.
  • Lastly, Union Square Ventures is a New York-based investment firm that became one of the top venture capital funds in the world. The company manages investments worth billions of dollars.They focus on startup investments and the financing of all stages of technology startup expansion.

Even micro and local venture capitalists such as Northstar Ventures and Base Ventures are hitting these large numbers. On the local micro VC side, Aybuben Ventures, the first Pan-Armenian venture capitalist fund focused on Armenian tech entrepreneurs.

With a fund of over $50 million, Aybuben Ventures is not limited to people in Armenia only. On the contrary, the fund is open to Armenians all over the world who are engaged in enterprise tech business and development. “Armenians live all over the world and they are proud of their culture and dont want to lose their identity. Potentially this creates a huge global pool of entrepreneurs, professionals, capital, companies and knowledge which can be leveraged and scaled in any of the world’s economies. That said, we welcome interest in our foundation, from any organization and without regard to nationality,” said Alexander Smbatyan, one of the founding partners of Aybuben Ventures.

Overall, the venture capital space keeps growing, providing technology startups with sufficient funding for growth and expansion. “There is an innate disposition to develop companies that make extensive use of technologies such as artificial intelligence, machine learning, biotechnology and more,” Smbatyan added as one of the reasons why it is worth to invest in the space of enterprise tech and AI.

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Tense diplomatic relations may not impact trade, investment ties between India, Canada: Experts

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NEW DELHI: The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts. Both India and Canada trade in complementary products and do not compete on similar products.
“Hence, the trade relationship will continue to grow and not be affected by day-to-day events,” Global Trade Research Initiative (GTRI) Co-Founder Ajay Srivastava said.
Certain political developments have led to a pause in negotiations for a free trade agreement between the two countries.
On September 10, Prime Minister Narendra Modi conveyed to his Canadian counterpart Justin Trudeau India’s strong concerns about the continuing anti-India activities of extremist elements in Canada that were promoting secessionism, inciting violence against its diplomats and threatening the Indian community there.
India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked an Indian official to leave that country, citing a “potential” Indian link to the killing of a Khalistani separatist leader in June.
Srivastava said these recent events are unlikely to affect the deep-rooted people-to-people connections, trade, and economic ties between the two nations.
Bilateral trade between India and Canada has grown significantly in recent years, reaching USD 8.16 billion in 2022-23.
India’s exports (USD 4.1 billion) to Canada include pharmaceuticals, gems and jewellery, textiles, and machinery, while Canada’s exports to India (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products.
On investments, he said that Canadian pension funds will continue investing in India on grounds of India’s large market and good return on money invested.
Canadian pension funds, by the end of 2022, had invested over USD 45 billion in India, making it the fourth-largest recipient of Canadian FDI in the world.
The top sectors for Canadian pension fund investment in India include infrastructure, renewable energy, technology, and financial services.
Mumbai-based exporter and Chairman of Technocraft Industries Sharad Kumar Saraf said the present frosty relations between India and Canada are certainly a cause for concern.
“However, the bilateral trade is entirely driven by commercial considerations. Political turmoil is of a temporary nature and should not be a reason to affect trade relations,” Saraf said.
He added that even with China, India has acrimonious relations but bilateral trade continues to remain healthy.
“In fact, bilateral trade is an effective tool to improve political relations. India must make special efforts to increase our bilateral trade with Canada,” Saraf said.
India and Canada have a strong education partnership. There are over 200 educational partnerships between Indian and Canadian institutions.
In addition, over 3,19,000 Indian students are enrolled in Canadian institutions, making them the largest international student cohort in Canada, according to GTRI.
According to the Canadian Bureau for International Education (CBIE), Indian students contributed USD 4.9 billion to the Canadian economy in 2021.
Indian students are the largest international student group in Canada, accounting for 20 per cent of all international students in 2021.
Benefits of educational partnerships are mutual and hence the current situation may have no impact on the relationship, Srivastava said.

 

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Apple supplier Foxconn aims to double India jobs and investment

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Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.

Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.

V Lee, Foxconn’s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.

He did not give more details.

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Foxconn already has an iPhone factory employing 40,000 people in the state of Tamil Nadu.

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Foxconn dangles incentives for workers as iPhone shortages plague holiday season

Foxconn dangles incentives for workers as iPhone shortages plague holiday season

In August, the state of Karnataka said the firm will invest US$600 million for two projects to make casing components for iPhones and chip-making equipment.

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The company’s Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: “several billion dollars in investment is only a beginning”.

Taiwan election: Foxconn’s Terry Gou taps star-powered running mate

 

Last month, Foxconn’s billionaire founder Terry Gou said he would run for the Taiwanese presidency in next year’s election, as an independent candidate.

He said the ruling and independence-leaning Democratic Progressive Party (DPP) was unable to offer a bright future for the island and left Foxconn’s board following his decision to run.

The firm operates the world’s largest iPhone plant, in the city of Zhengzhou in Henan province.

 

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Foxconn to double workforce, investment in India by ‘this time next year’

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Foxconn, Taiwan-based Apple supplier, has said that they are planning to double their investment and workforce in India within the next twelve months, according to V Lee’s LinkedIn post on the occasion of Prime Minister Narendra Modi’s 73rd birthday.

Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.

Notably, Foxconn already has an iPhone factory in the state of Tamil Nadu, which employs 40,000 people.

V Lee, Foxconn‘s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.

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In August this year, Karnataka governments had said that Foxconn has planned to invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment.

Earlier this month, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) had said, ‘India will be an important country in terms of manufacturing in future’.

In the past, it took 30 years to build the entire supply chain ecosystem in China, he noted, adding that while it will take an “appropriate amount of time in India” and the process will be shorter given the experience. The environment too is not quite the same, he said pointing to the advent of new technologies like AI and generative AI.

Meanwhile, Apple Inc. has announced plans to make the India-built iPhone 15 available in the South Asian country and some other regions on the global sales debut day, according to a Bloomberg report.

While the vast majority of iPhone 15s will come from China, that would be the first time a latest generation, India-assembled device is available on the first day of sale, they said, asking not to be identified as the matter is private.

Apple introduced the iPhone 15, updated watches and AirPods at a gala event at its US headquarters. Sales of new products begin typically around 10 days after the unveiling.

 

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