Sarvam Raises $234 Million in HCLTech-Led Round at $1.5 Billion Valuation

aiai-fundraising 3 posts · 3 accounts

Sarvam raised $234 million in the first close of a planned $300 million Series B round, valuing the AI company at $1.5 billion. HCL Technologies led the financing, with participation from Bessemer.

The deal makes Sarvam India’s newest AI unicorn and marks a sharp increase from a valuation of about $200 million last year. The disclosed first close leaves additional room to complete the broader $300 million fundraising.

From the sources (3 posts)

@archiexzzz

RT @SarvamAI: We're thrilled to announce that we have raised $234M in the first close of our $300M Series B at a $1.5B valuation. @HCLTech…

@techcrunch

Sarvam becomes India’s newest AI unicorn with $234 million funding round led by HCLTech

@thearc_hq

🚨 Sarvam has raised $234 million from IT services major HCL Technologies along with Silicon Valley venture firm Bessemer. This is part of a larger $300 million funding round. Sarvam is now valued at $1.5 billion, as compared to about $200

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