The IITM Unicorn Frontier Fund I, unveiled at the IIT Madras alumni conference Sangam 2026 in Bengaluru, has already put ₹55 crore into four startups and is aiming for ₹1,000 crore.
IIT Madras Research Park and Unicorn India Ventures announced a ₹450 crore first close for the IITM Unicorn Frontier Fund I at Sangam 2026 in Bengaluru. The fund targets ₹1,000 crore and about 25 deep-tech startups; ₹55 crore has gone to four companies so far.
Tel‑Aviv‑based Buildots has closed a $130 million financing led by O.G. Venture Partners, taking its total funding to $297 million and positioning the firm to become the control‑tower for fast‑growing data‑center builds.
A string of large‑scale financing rounds, highlighted by Open Cosmos’s €300 million round, shows Europe mobilising billions to catch up with the United States in the fast‑growing commercial space market.
The annual contest drew over 3,200 entries across India, with Biocon's Kiran Mazumdar Shaw calling for rapid scaling to build a multi-trillion-dollar bioeconomy.
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