Last mentioned: Mar 4, 2026
NVIDIA Acquisition
NVIDIA officially acquires Illumex to bolster its AI data infrastructure.
APAC Expansion
Cardumen announces strengthened global reach through its Taipei-based partner following the exit.
NVIDIA Acquisition
NVIDIA officially acquires Illumex to bolster its AI data infrastructure capabilities.
Annual Report Release
Nasscom and Zinnov release the 2025 funding analysis highlighting the shift to execution-led maturity.
Funding Recovery
Total funding reaches $9.1B; 550+ new DeepTech startups are founded throughout the year.
M&A Baseline
Technology M&A activity remains moderate, setting the stage for a 2025 breakout.
Seed Investment
Cardumen Capital leads the seed funding round for Illumex.
Seed Investment
Cardumen Capital leads the seed round for Illumex.
IP Surge Begins
Indian startups begin a period of rapid patent filing growth, increasing 68% over the next four years.
Fund Launch
Cardumen Capital launches its 2019 vintage fund focusing on DeepTech.
Fund Launch
Cardumen Capital launches its 2019 vintage DeepTech fund.
NVIDIA has acquired Illumex, a Generative AI data infrastructure startup, marking a major exit for lead seed investor Cardumen Capital. The deal underscores the growing demand for robust data governance layers within the global AI computing stack.
NVIDIA’s acquisition of data infrastructure startup Illumex marks a significant exit for Cardumen Capital, reinforcing the firm's 'Seed-to-Exit' thesis. The deal underscores the critical role of robust data layers in scaling generative AI and strengthens Cardumen's strategic bridge between Asian capital and global innovation hubs.
Deeptech investment has reached a significant milestone of $2.3 billion, representing a 37% year-over-year increase driven primarily by artificial intelligence. This capital influx signals a strategic shift among venture capitalists toward high-barrier-to-entry technologies and specialized cloud infrastructure.
Deeptech investments have climbed 37% to reach $2.3 billion, driven primarily by the rapid evolution and commercialization of Artificial Intelligence. This shift signals a strategic pivot by venture capitalists toward high-moat, research-intensive technologies over traditional software services.
Indian tech startups secured $9.1 billion in 2025, marking a 23% year-on-year increase driven by a shift toward execution-led maturity. Artificial Intelligence emerged as the primary catalyst, capturing 91% of the $2.3 billion invested in the DeepTech sector.
Indian tech startups secured $9.1 billion in funding during 2025, representing a 23% year-on-year increase as the ecosystem shifts toward execution-led maturity. The growth was largely fueled by DeepTech and AI ventures, which saw a 37% surge in capital allocation.
Indian tech startups raised $9.1 billion in 2025, a 23% year-on-year increase that signals a shift toward execution-led maturity. The surge was largely powered by DeepTech and AI, which now command the lion's share of advanced technology investment.
Indian tech startups secured $9.1 billion in funding in 2025, marking a 23% year-on-year increase driven by a surge in DeepTech and AI investments. The ecosystem is transitioning toward execution-led maturity, with capital increasingly concentrated in ventures demonstrating clear pathways to monetization.