Sarvam raises $234 million, becomes AI unicorn amid Anthropic curbs

Sarvam, a Bengaluru startup building India's sovereign AI stack, raised $234 million in a Series B first close led by HCLTech at a $1.5 billion valuation. The company released open-source models including a 105-billion-parameter system. HCLTech plans to integrate Sarvam's models into its enterprise offerings for banking, insurance, and government clients.