Sarvam AI Raises $234M in Funding Round Led by HCLTech at $1.5B Valuation

According to The Economic Times, Indian AI startup Sarvam AI has raised US$234 million in an ongoing funding round led by HCLTech, with a valuation of US$1.5 billion. Bessemer Venture Partners and existing investors Khosla Ventures and Peak XV Partners also participated in the round. Sarvam AI develops multilingual large language, speech, translation, and vision models for Indian languages, as well as an enterprise agent platform for businesses and government agencies.
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