Sarvam AI Raises $234 Million Led by HCLTech, Valued at $1.5 Billion
Sarvam AI, an Indian sovereign AI startup, raised $234 million in the first close of its $300 million Series B funding round, reaching a $1.5 billion valuation. HCLTech led the round with a $150 million investment for a 10.46% stake, joined by Bessemer Venture Partners and existing investors. The funds will support research on next-generation AI models for agentic, coding, and cybersecurity applications, and expand computing infrastructure and enterprise deployments across sectors like banking, insurance, and government.
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