Sarvam secures $75 million from Nvidia, investors in latest funding tranche
Sarvam, the Bengaluru-based artificial intelligence startup, is set to raise about $75 million from Nvidia, US venture capital firm Glade Brook Capital, private equity investor Gaja Capital and IndiGo Ventures as part of its ongoing Series B funding round. The investment forms part of a larger $300-310 million round that values the company at about $1.5 billion.
The latest tranche follows the first close of Sarvam’s Series B announced in June, when the company raised $234 million. That round was led by HCLTech and Bessemer Venture Partners, with existing investors Khosla Ventures and Peak XV Partners also participating. The company had said it intended to complete a $300 million round.
