Bengaluru-based AI startup Sarvam has entered the unicorn club after raising $234 million in the first close of its ongoing Series B funding round, achieving a valuation of $1.5 billion. HCLTech led the investment with a commitment of nearly $150 million, marking one of the largest strategic investments by an Indian IT services company in a domestic AI startup.

The funding round, which targets a total of $300 million, also saw participation from Bessemer Venture Partners and other global investors. The fresh capital will help Sarvam accelerate the development of India’s sovereign AI ecosystem and expand its large language models and enterprise AI solutions.

Founded in 2023, Sarvam focuses on building AI technologies tailored for Indian languages, businesses, and government applications. The company has developed multilingual AI models and platforms designed to support India’s digital transformation efforts.

Also Read: Karnataka to Set Up 50 AI Labs in Government Colleges to Build Future-Ready Skills 

The investment signals growing confidence in India’s homegrown AI capabilities as the country pushes to establish itself as a global AI powerhouse. HCLTech’s participation also highlights increasing collaboration between established IT giants and emerging AI startups.

Industry experts believe this milestone could encourage more investments in India’s sovereign AI initiatives and strengthen the country’s position in the global artificial intelligence race.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!