India's domestic artificial intelligence company Sarvam AI has achieved a big achievement by raising funding of $234 million. The biggest investment in this has been made by HCLTech, which alone has made a strategic investment of 150 million dollars. After this funding, the valuation of the company has reached 1.5 billion dollars. Sarvam AI is working on developing indigenous AI models and infrastructure for India. At a time when global competition regarding AI technology is intensifying, this investment is considered important for India's AI capabilities.
HCLTech's investment of $150 million in the funding round of Sarvam AI is the most talked about. This is believed to be the largest strategic investment made by a listed Indian IT services company in the foundational AI sector. HCLTech CEO C Vijayakumar said that by combining Sarvam's AI research and HCLTech's global reach, secure, scalable and responsible AI solutions will be developed for enterprises and governments. Bessemer Venture Partners, Khosla Ventures and Peak XV Partners have also participated in this funding round. The company's goal is not just to create AI models but to create useful AI platforms at the enterprise level.
Sarvam AI's funding comes at a time when the US has limited access to some of Anthropic's advanced AI models to non-US organizations. After this, the discussion on AI self-reliance and AI sovereignty has intensified in India. Vivek Raghavan, co-founder of Sarvam, says that this is the era of AI sovereignty and India will have to develop such technology over which it has its own control. He said that the cooperation of Indian investors and companies is important in this direction. Although the company acknowledged that the capital raised is still quite low compared to global AI companies, it is a strong start for India and could prove to be an important step towards developing larger AI systems in the future.
Sarvam AI, established in 2023, is developing foundational AI models tailored to Indian needs. The company this year introduced its first domestic foundation models named Sarvam 30B and Sarvam 105B, which support 22 Indian languages. The company is creating AI solutions for sectors like banking, insurance, government services and defence. Its customers include institutions like SBI Life, Life Insurance Corporation of India, IDFC First Bank, Tata Capital and Cred. The company claims that its conversational platform is handling more than 20 lakh interactions daily and its usage has doubled in the last two months.
Sarvam AI says the new funding will not be used only to train large language models. The company will also invest in areas like computing infrastructure, training framework, inference system and agentic orchestration. According to Vivek Raghavan, if India has to become completely self-reliant in the field of AI, then it will have to work on the entire technological chain. The company believes that it is not enough to just create models, but also to develop the necessary infrastructure to run, deploy and use them on a large scale. This is why Sarvam AI is developing itself not just as an AI model company but as a complete AI platform.
