tech
Sarvam becomes India's newest AI unicorn with $234 million funding round led by HCLTech
Indian IT services company HCLTech is investing $150 million in the Bengaluru startup.
TL;DR
- Sarvam raised $234 million at a $1.5 billion valuation, becoming India's newest AI unicorn.
- HCLTech is the lead strategic investor, contributing $150 million to the round.
- The funding supports the development of sovereign AI capabilities amidst global concerns over AI technology control.
- Sarvam focuses on building a full-stack AI business with models designed for Indian languages and use cases.
- The company's AI platforms are deployed in sectors including banking, insurance, government services, and defense.
- The investment will fund research into next-generation AI models for agentic, coding, and cybersecurity applications.
- Sarvam's AI solutions are already handling millions of daily interactions and API calls, and transcribing hundreds of thousands of hours of audio monthly.