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Indian AI Startup Sarvam Valued at $1.5 Billion
15 Jun
Summary
- Sarvam AI secured $234 million in Series B funding.
- The company's post-money valuation reached $1.5 billion.
- HCLTech led the funding round with a $150 million investment.
Indian AI startup Sarvam has officially joined the unicorn club, announcing a $234 million Series B funding round that values the company at $1.5 billion post-money. This significant financial milestone was achieved in the first close of a planned $300 million round.
HCLTech spearheaded this funding with a substantial $150 million strategic investment, marking it as the lead investor. Other participants included Bessemer Venture Partners and existing investors Khosla Ventures and Peak XV Partners.
The infusion of capital is earmarked for advancing Sarvam's AI research, focusing on agentic AI, coding, and cybersecurity applications. The funds will also support the expansion of large-scale computing infrastructure and accelerate deployments in critical sectors.
HCLTech's involvement signifies a strategic partnership aimed at building a sovereign AI ecosystem for India and beyond. This collaboration will leverage Sarvam's AI research prowess with HCLTech's enterprise expertise and global reach to foster secure and responsible AI adoption.
Sarvam is committed to developing AI systems tailored for India's scale, including models that understand Indian languages and voices. The company has recently launched foundational models like Sarvam 105B and Sarvam 30B, and its document intelligence model is processing millions of pages of records.
