Overview
- Reports say HCLTech will anchor a $300 million round for Bengaluru-based Sarvam AI that prices the startup near $1.5 billion, though the companies have not announced a deal.
- Bessemer Venture Partners is expected to put in $50 million, with Nvidia, Prosperity7, Activate, and Glade Brook cited as likely participants.
- HCLTech did not respond to requests for comment, underscoring that the funding remains unconfirmed at this stage.
- Sarvam AI builds India-focused foundation models and has released 30‑billion and 105‑billion‑parameter language models geared to Indic languages and voice.
- The startup has secured 4,096 Nvidia H100 GPUs and nearly Rs 99 crore in subsidies under the IndiaAI Mission, positioning it to scale as Indian IT firms face pressure from generative AI tools.