Sarvam Achieves $1.5B Valuation Following $234M Series B Funding Close

Sarvam, an Indian AI firm, has raised $234 million in the initial $300 million Series B round, achieving a $1.5 billion post-money valuation.

The funding was led by Indian IT firm HCLTech, which contributed $150 million, with Bessemer Venture Partners and existing investors Khosla Ventures and Peak XV Partners also participating.

The funds will support Sarvam’s research and development, focusing on training advanced AI models for applications in agentic systems, coding, and cybersecurity.

The investment will also be used to enhance computing infrastructure to deploy solutions across enterprise, developer, and government sectors.

HCLTech CEO C Vijayakumar stated, “Our investment in Sarvam represents a key step in building India’s reliable and globally competitive AI ecosystem. By combining Sarvam’s AI research with HCLTech’s global reach, we are developing a comprehensive full-stack AI platform for enterprises and governments, delivering secure, scalable, and responsible AI solutions.”

Sarvam creates AI products addressing various needs, including training and inference infrastructure, model research, and tools for businesses and government clients.

The company has recently developed foundational language and vision models, all created within India.

Sarvam’s 105B model is reported to perform at par with or exceed larger models on benchmarks related to knowledge, reasoning, and task-oriented tasks.

The lighter 30B model is designed for consumer hardware, while Sarvam Vision is being used to digitize documents such as insurance forms and land records, processing over 35 million pages to date.

Sarvam’s speech recognition models are transcribing over half a million hours of audio monthly in multilingual and complex Indian contexts.

Co-founder Pratyush Kumar noted, “We recognize that research-driven innovation to create AI tailored for India’s scale is a significant opportunity. This involves models that understand our voices, read our documents, and deliver intelligence at an affordable cost for every enterprise and government.”

Building on this foundation, Sarvam is advancing a full-stack solution for enterprises to own and manage their sovereign AI.

Sarvam’s products are utilized in critical sectors like banking, insurance, government technology, and defense. Its conversational platform handles over two million daily interactions.

In late 2023, Sarvam secured $41 million in its Series A round, led by Lightspeed with contributions from Peak XV Partners and Khosla Ventures.

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