BENGALURU: The India Deep Tech Alliance (IDTA), launched in September with a $1 billion initial goal, secured over $850 million in new capital commitments this Wednesday.

Nvidia joined as a founding member and strategic advisor, offering technical guidance for deep-tech startups in sectors like AI, semiconductors, and space.

New investors also include Qualcomm Ventures, Activate AI, and others.

This funding addresses chronic underfunding, as deep tech raised only $1.6 billion (a 78 percent surge) out of $7.4 billion overall last year.

The move follows the Indian government’s $12 billion initiative to spur domestic research and technology development.

The IDTA members plan to deploy their individual capital and mentorship over the next five to ten years.