Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuation
US-based growth equity firm Glade Brook Capital, which has backed the likes of xAI and Perplexity, is in discussions to join artificial intelligence startup Sarvam AI’s latest funding round of $320-350 million at a post-money valuation of about $1.5 billion, people aware of the development told ET.
The latest funding round for the Bengaluru-based foundational model startup will see strategic investors Nvidia, Amazon and HCLTech participate, along with venture capital firms Bessemer Venture Partners and Prosperity 7 Ventures. Existing investors Peak XV Partners, Lightspeed Venture Partners and Khosla Ventures are also expected to participate in the round, said one of the persons cited above.
