Sarvam raises $234 million Series B at $1.5 billion valuation to build India’s sovereign AI stack

New Delhi [India], June 15 (ANI): Sarvam, India’s full-stack sovereign AI company, has raised $234 million in the first close of its $300 million Series B at a post-money valuation of $1.5 billion, marking one of the largest funding rounds for an Indian AI startup.

According to the company’s press release, HCLTech and Bessemer Venture Partners invested in the round, with continued support from existing investors Khosla Ventures and Peak XV Partners.