Sarvam Raises $234M Series B

Sarvam, an India-based sovereign AI company, raised $234 million in the first close of a $300 million Series B round, valuing it at $1.5 billion. HCLTech led the round, with Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners also participating. The firm builds full-stack AI solutions for Indian enterprises and government entities.