Sarvam joins India’s AI unicorn club with a $234 million funding round led by HCLTech to expand sovereign AI capabilities.
Sarvam, a Bengaluru-based AI startup, has raised $234 million in a funding round valuing the company at $1.5 billion. The investment is part of a broader push to develop sovereign AI technologies amid global competition for advanced models and computing infrastructure.
HCLTech contributed $150 million as the lead strategic investor, with additional participation from Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners. The startup aims to close a total of $300 million for its Series B round, following $41 million raised in earlier rounds.
Sarvam focuses on building full-stack AI solutions, including models tailored for Indian languages and sectors like banking, insurance, and defense. The funding follows the launch of its open-source models earlier this year.