Sarvam, India’s full-stack sovereign AI company, announced that it has raised $234 million in the first close of its $300 million Series B round at a post-money valuation of $1.5 billion.
The round was led by HCLTech as a strategic investor and also included participation from Bessemer Venture Partners, along with continued support from existing investors Khosla Ventures and Peak XV Partners.
Sarvam builds across the AI stack, including training and inference infrastructure, frontier model research, and go-to-market products for enterprises, developers, and government organizations. The company said the funding will support continued research into its next frontier model for agentic, coding, and cybersecurity use cases, while also expanding access to compute at scale and strengthening deployments across key verticals.
HCLTech is investing $150 million as the lead strategic investor in the round. The company said its enterprise transformation expertise, global client relationships, data and software IP, and engineering capabilities will help accelerate Sarvam’s goal of building an end-to-end sovereign AI ecosystem for India and other markets.
Sarvam has recently released multiple foundational models trained from scratch in India. Its Sarvam 105B model matches or outperforms larger reasoning models on knowledge, reasoning, and agentic benchmarks, while Sarvam 30B is optimized for edge applications and can run on consumer hardware.
The company’s Sarvam Vision platform, designed for handwriting and Indian-language records, is being used to digitize more than 35 million pages, including insurance forms and legacy land records. Sarvam’s speech models are also transcribing more than 500,000 hours of audio per month.
Sarvam’s products are scaling across banking, insurance, gov tech, and defense. Its conversational platform now handles more than 2 million interactions per day, with usage doubling over the last two months. Its inference platform in India processes 10 million API calls daily, with usage tripling over the last three months.
The company’s deployments are also being used at population scale. Sarvam’s multilingual voice agents collected high-quality data from 17 million farmers for India’s Ministry of Agriculture and Farmers’ Welfare. And for one of India’s leading insurance providers, Sarvam supported a nationwide voice campaign for low-cost policy renewals covering 45 million policyholders.
KEY QUOTES:
“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. Building on this template, we are innovating on a full-stack offering for enterprises to own and operate their own sovereign AI.”
Pratyush Kumar, Co-Founder of Sarvam
“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.”
C Vijayakumar, CEO and Managing Director of HCLTech
“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. We are positioned to both help them adopt and innovate on AI. The partnership with HCLTech provides a unique example of an Indian corporate helping build foundational strength in AI.”
Vivek Raghavan, Co-Founder of Sarvam
“Sarvam is building and deploying India’s sovereign AI platform – serving 1.4 billion citizens, mission-critical sectors, and large enterprises. Pratyush and Vivek have brought together the rare combination of research depth, engineering talent, and institutional trust to meet India’s voice and agentic needs, and we are proud to partner with them.”
Pankaj Mitra, Partner at Bessemer Venture Partners
