Sarvam, an Indian artificial intelligence startup, has successfully secured $234 million in funding, elevating its valuation to $1.5 billion and marking its entry into the unicorn club. The largest contribution comes from HCLTech, which is investing $150 million, while other notable investors include Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners.
The startup is looking to boost its Series B funding to a total of $300 million. With these new resources, Sarvam plans to develop open-source AI models featuring 30 billion and 105 billion parameters, aiming for a release by 2026. The funding will primarily focus on advancing its model development and enhancing its computing capabilities.
