HCLTech to lead $300 million funding for Sarvam AI
after close1 source ↓written by the desknot a recommendation
- funding round
- $300 million
- contributing
- $150 million
- value Sarvam
- $1.5 billion
HCLTech is set to lead a $300 million funding round for Bengaluru-based Sarvam AI, contributing $150 million. This deal, which would value Sarvam at $1.5 billion, highlights HCLTech's strategic push into the AI sector amid pressures on traditional IT services. Other investors include Bessemer Venture Partners and Nvidia.
This funding could significantly enhance Sarvam's growth trajectory, positioning it among India's top AI startups.
Not investment advice. For informational purposes only.