India-based full-stack sovereign AI company Sarvam has raised US$234 million in the first close of its US$300 million Series B at a post-money valuation of $1.5 billion.
HCLTech and Bessemer Venture Partners invested in the round, with continued support from existing investors Khosla Ventures and Peak XV Partners.
Sarvam builds across the AI stack: training and inference infrastructure, frontier model research, and a go-to-market motion spanning enterprises, developers, and government.
The investment will fund Sarvam’s continued research on training its next frontier model for agentic, coding, and cybersecurity use-cases, as well as access to compute at scale to expand its forward-deployed motion across key verticals.
“We are clear that research-led innovation to create AI that works at India’s scale is a very large opportunity. That means models that understand our voices, read our documents, and serve intelligence at a cost every enterprise and government can afford,” ,” said Pratyush Kumar, co-founder of Sarvam.
Building on this template, we are innovating on a full-stack offering for enterprises to own and operate their own sovereign AI,” he said.
HCLTech will invest US$150M as the lead strategic investor in this round.
“Our investment in Sarvam marks a significant step toward building India’s trusted and globally competitive AI ecosystem. By bringing together Sarvam’s research in AI models with HCLTech’s global presence, we are creating a differentiated full-stack AI platform for enterprises and governments, strengthening our ability to deliver secure, scalable, and responsible AI solutions,” said C Vijayakumar, CEO and managing director of HCLTech.
In the last few months, Sarvam has released foundational models, all trained from scratch in India. Sarvam’s products are rapidly scaling, focused on the verticals where the stakes are highest: banking, insurance, gov tech, and defence.
Sarvam’s conversational platform now handles over 2 million interactions a day, with usage doubling in the last two months.
“Our ambition is to diffuse this technology widely in India, creating significant value across sectors for citizens, small businesses, enterprises, and state and central governments,” said Vivek Raghavan, co-founder of Sarvam.
