Bengaluru-based artificial intelligence startup Sarvam has raised $234 million in the first close of its $300 million Series B funding round, achieving unicorn status with a post-money valuation of $1.5 billion. The round was led by HCLTech as strategic investor, with participation from Bessemer Venture Partners and continued backing from Khosla Ventures and Peak XV Partners.
HCLTech is investing $150 million as the lead strategic investor. Sarvam positions itself as India's full-stack sovereign AI platform. The capital will be deployed to advance research on frontier AI models focused on agentic AI, coding and cybersecurity applications, while also expanding access to computing infrastructure and accelerating sector deployments.
