Sarvam Becomes India's Newest AI Unicorn with $234M Funding

Bengaluru-based Sarvam has officially joined the ranks of AI unicorns, securing $234 million in a Series B funding round led by HCLTech. This investment brings the company's valuation to $1.5 billion, positioning it as a key player in India’s sovereign AI efforts. Sarvam aims to develop models tailored for banking, insurance, and government sectors, while leveraging HCLTech's enterprise capabilities. The company has already made significant strides, gathering data from millions through its platforms. With this fresh funding, expectations are high for Sarvam to compete with global AI giants.