Bengaluru-headquartered venture capital firm Exfinity Venture Partners has formed a partnership with CerraCap Venture. California established early-stage tech fund CerraCap is to leverage the Indo-US corridor to build and scale enterprise startups. Exfinity Venture Partners is an early-stage Venture Capital Fund registered with the Securities and Exchange Board of India (SEBI) as a Category I Alternative Investment Fund (AIF).
The partnership with Exfinity and CerraCap will focus on the next wave of enterprise artificial intelligence (AI) and digital disruption. Cybersecurity, logistics, computer vision, document intelligence, health tech, and machine learning will be their core investment areas. Machine learning includes deep learning and establishes many contemporary advances in other AI technologies. Enterprise tech investments at Pre–Series A and Series A stages are the prime focus areas of Exfinity Venture Partners. Exfinity Venture is now raising its third fund with a targeted size of Rs. 500 crore.
Shailesh Ghorpade, Managing Partner and CIO of Exfinity said that their partnership with CerraCap Ventures will pave the eminent way to enhance the very best business programme and portfolio strategies. In turn, it will help them to perceive, design, and create the transformative enterprise, digital outputs, and platforms of the next generation.
In consonance with both the VC firms, given that CerraCap in the US and Exfinity is domiciled in India, portfolio companies will benefit from their expertise at both ends of the Indo-US corridor. The collaboration helps them to build companies with optimum capital and greater access to the global markets. The partnership will permit enterprise startups to leverage the CerraCap-Exfinity partnership to generate meticulous but cutting-edge innovation in India and take products to market in the United States.
Saurabh Ranjan, CEO, and Founder, CerraCap Ventures conveyed his viewpoint that, the collaborative approach, the complex digital product interactions, the deep engineering expertise of Exfinity Ventures compliments well with the operations of CerraCap. This facilitates a remarkable opportunity for expansion of the right global investments for leading technology products and platforms. Cerracap Ventures is a US-based early-stage technology investment in the business to business (B2B) space. Their prime focus areas being healthcare, enterprise artificial intelligence (AI), and cybersecurity.