HCLTech leads $300 million funding round for Sarvam AI
after close1 source ↓written by the desknot a recommendation
- funding round
- $300 million
- investing approximately
- $150 million
- Sarvam AI
- $1.5 billion
HCLTech is set to lead a $300 million funding round in Sarvam AI, investing approximately $150 million. This deal would value Sarvam AI at $1.5 billion, marking a significant increase from its previous valuation. The investment highlights HCLTech's strategy to adapt to the evolving AI landscape amidst pressures on traditional IT services.
Not investment advice. For informational purposes only.