Sarvam AI Valued at $1.5B After $234M First Close of Series B Led by HCLTech

Indian AI startup Sarvam AI has reached a reported $1.5 billion valuation after raising $234 million in the first close of its Series B round. According to BeInCrypto, the round is led by HCLTech and is expected to total about $300 million, with Bessemer Venture Partners joining alongside continued support from Khosla Ventures and Peak XV Partners. Sarvam builds large language models, speech tools, translation systems, and AI agents for Indian languages, positioning the funding as part of India’s push for domestic “sovereign AI” infrastructure.