Sarvam AI turns unicorn after raising $234M at $1.5B
What's the story
Bengaluru-based artificial intelligence (AI) start-up Sarvam AI has become the latest entrant in India's unicorn club. The company has raised $234 million in its Series B funding round, which was led by HCLTech at a post-money valuation of $1.5 billion. The investment will be used to further research on next-generation frontier models and expand access to large-scale compute infrastructure for enterprise and government deployments.
Investment details
HCLTech leads funding in Sarvam
The latest funding round was led by HCLTech, which committed $150 million, along with Bessemer Venture Partners. Existing investors Khosla Ventures and Peak XV Partners also contributed to the financing. Founded by Vivek Raghavan and Pratyush Kumar in 2023, Sarvam is focused on developing AI models, inference infrastructure, and enterprise AI products for Indian languages and use cases.
Platform performance
Sarvam's conversational AI platform handles over 2M interactions daily
Sarvam has recently launched several foundational models trained from scratch in India, including Sarvam 105B, Sarvam 30B, and Sarvam Vision. The company's conversational AI platform now handles more than two million interactions every day while its inference platform processes over 10 million API calls daily. The usage across these platforms has seen a massive spike in recent months.
Sector deployment
The company's technology is deployed across various sectors
Sarvam's AI technology has been deployed in banking, insurance, government, and defense sectors. The company's multilingual voice platform has interacted with 17 million farmers for government-led data collection initiatives. Its AI-powered outreach programs have also facilitated policy renewals for 45 million insurance customers across the country.