The Indian AI market is poised for exponential growth, with the global market expected to reach a staggering $4.8 trillion by 2033. In India, the demand for AI professionals is expected to reach nearly one million by 2026. Amidst this backdrop, Armory has raised ₹13 crore to boost its AI-powered counter-drone research and production capabilities.
Investing in AI Research and Development
Armory’s latest funding round is significant not only for the company but also for the Indian AI ecosystem. The funds will be used to accelerate the development of AI-powered counter-drone technologies, which have far-reaching implications for national security, defense, and public safety. The company’s research and development efforts will focus on creating more advanced and sophisticated AI systems that can detect and neutralize drone threats.
Talent Attraction and Retention
The lavish compensation packages offered by Armory serve as a testament to the company’s commitment to attracting and retaining top AI talent. In a highly competitive job market, companies are willing to go the extra mile to secure the best minds in AI. Armory’s strategy is to offer competitive salaries, benefits, and opportunities for growth and development to attract and retain the best talent in the industry.
India’s AI Ecosystem
Tata Communications is partnering with Amazon Web Services (AWS) to build an AI-ready network in India. This high-capacity network will connect three major AWS infrastructure locations, aiming to accelerate the adoption of generative AI and drive cloud innovation across the country. The initiative marks a significant step in enhancing India’s digital infrastructure.
The Future of AI in India
India’s e-commerce market is expected to reach the $345 billion mark by FY30, as per a report by India Brand Equity Foundation (IBEF). As the industry scales rapidly, so does the pressure behind the scenes. Register for the IIT Data Hackathon to join the conversation and stay ahead of the curve.
In conclusion, Armory’s latest funding round is a significant milestone in India’s AI journey. The company’s commitment to AI research and development, talent attraction, and retention will have far-reaching implications for the Indian AI ecosystem. As the industry continues to evolve, it is essential for companies like Armory to stay at the forefront of innovation and talent attraction strategies.
Originally published on https://www.cnbctv18.com/business/startup/defence-startup-armory-funding-production-research-development-ai-drones-19639687.htm
