Indian AI startup Sarvam has joined the unicorn club after raising $234 million in the first close of its $300 million Series B funding round, valuing the company at $1.5 billion. Led by HCLTech, the funding will support the development of advanced AI models, computing infrastructure, and sovereign AI solutions tailored for enterprises, governments, and Indian-language applications.
Bengaluru: Indian artificial intelligence startup Sarvam on Monday announced that it has entered the unicorn club after raising $234 million in the first close of its $300 million Series B funding round, taking its post-money valuation to $1.5 billion.
Series B funding details
The funding round was led by HCLTech as a strategic investor, with participation from Bessemer Venture Partners and continued backing from existing investors Khosla Ventures and Peak XV Partners.
Growth and positioning as sovereign AI platform
The latest fundraise marks a major milestone for the Bengaluru-based company, which is positioning itself as India's full-stack sovereign AI platform.
Planned use of capital
Sarvam said the capital will be used to advance research on its next-generation frontier AI models focused on agentic AI, coding and cybersecurity applications, while also expanding access to large-scale computing infrastructure and accelerating deployments across key sectors.
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