Sarvam AI has announced the first close of its Series B funding round, raising USD 234 million toward a USD 300 million target, achieving a post-money valuation of USD 1.5 billion. HCLTech participated as the lead strategic investor in this round, joined by Bessemer Venture Partners and continued support from existing investors, including Khosla Ventures and Peak XV Partners.

This significant capital infusion will facilitate the expansion of Sarvam AI’s research and development efforts, specifically targeting the training of next-generation frontier models for agentic AI, coding, and cybersecurity applications. The funding also secures the necessary compute infrastructure to scale its deployment across various high-stakes industry verticals, ensuring that its sovereign AI offerings remain competitive and accessible for enterprises and government bodies alike.

Founded in July 2023, Sarvam AI is dedicated to building India’s full-stack sovereign AI ecosystem, ensuring that the value loops of data, models, and agents remain within the country. Throughout 2025, the company gained significant momentum by developing indigenous foundational models and partnering with major Indian institutions such as SBI Life, LIC, IDFC, Tata Capital, and CRED. Its innovative work, including the development of vision-language models for digitizing millions of legacy records and speech models for complex Indian settings, has positioned it as a leader in India’s rapidly evolving AI landscape.

As a private entity, Sarvam AI has seen its revenue grow from Nil in FY 2024 to INR 1.50 crores in FY 2025, reaching INR 45.10 crores in FY 2026 as per unaudited financials. The company is backed by prominent venture capital firms and investors, including Khosla Ventures, Lightspeed India Partners, and various others who have supported its vision since its inception.