Our capital-raise is large for India but quite small in global context: Sarvam’s Vivek Raghavan (opens original article in a new tab)

India's AI startup Sarvam raised $234 million led by HCLTech, valuing it at $1.5 billion, with plans to expand AI infrastructure and models for enterprise and government use.

• Sarvam raised $234 million in a funding round led by HCLTech, valuing the company at $1.5 billion.
• The funding will be used to build compute infrastructure, train models, and develop software for enterprise and government customers.
• Sarvam's CEO stated that the capital is large for India but small globally, emphasizing the need for more investment in frontier AI capabilities.