Sarvam AI, a Bengaluru-based full-stack
sovereign AI startup, raised US$234 million in the first close of its Series B
funding round
¨
Sarvam AI, a
Bengaluru-based full-stack sovereign AI startup, raised US$234 million in the
first close of its Series B funding round on 15 June 2026.
¨
The funding valued the
company at US$1.5 billion (post-money), making it a member of India’s unicorn
club.
¨
A unicorn is a privately
held company valued at US$1 billion or more.
¨
HCLTech led the round by
investing US$150 million and acquired a 10.46% stake as a strategic investor.
¨
Bessemer Venture Partners
joined as a new investor, while Khosla Ventures and Peak XV Partners
participated as existing investors.
¨
Sarvam AI aims to raise a
total of US$300 million in its Series B funding round.
¨
The company was
co-founded in 2023 by Vivek Raghavan and Pratyush Kumar.
¨
Sarvam AI describes
itself as a sovereign AI startup, developing AI systems using domestic data,
infrastructure, and deployment priorities.
¨
The fresh capital will be
used to build next-generation AI models for agentic AI, coding, and
cybersecurity applications.
¨
In February 2026, the
company launched open-source 30-billion-parameter and 105-billion-parameter AI
models, trained from scratch in India for Indian languages and local use cases.
¨ Sarvam AI has deployed multilingual voice agents to collect data from 17 million farmers for the Ministry of Agriculture and Farmers Welfare.
¨ Its AI systems have also supported policy renewals for 45 million policyholders for a leading insurance company.
