Sarvam hits unicorn after HCL Tech $150 million buys 10.46% stake
Sarvam, an Indian AI startup focused on building homegrown tech, just hit unicorn status after raising $150 million from HCL Tech.
With this deal, HCL Tech's $150 million investment in return for a 10.46% stake in Sarvam.
The fresh funds are set to boost model training, expand AI capabilities, and help the team dive into next-generation agentic AI.
Vivek Raghavan: Sarvam models non-exclusive
Co-founder Vivek Raghavan says the partnership will level up their enterprise AI game, but don't worry, their models stay no exclusivity agreement with HCL Tech.
Since the India AI Summit, Sarvam has seen a big jump in voice AI and API use and is hiring more talent (mostly in India).
Raghavan also emphasized India's push for self-reliant AI and called for more government support to speed things up.