Sarvam, a full-stack Indian sovereign AI company, announced a funding of $234 million in Series B, their largest yet, from HCLTech and Bessemer Venture Partners, putting the valuation of the company at $1.5 billion.
With its vision to build sovereign AI for India, an indigenous LLM developed, deployed and governed in India with local data, compute, and control, this Bengaluru based startup claimed that the funding will help them with Frontier AI research.
“The investment will fund Sarvam’s continued research on training its next frontier model for agentic, coding, and cybersecurity use-cases, as well as access to compute at scale to expand its forward-deployed motion across key verticals,” read a statement from Sarvam.
We’re thrilled to announce that we have raised $234M in the first close of our $300M Series B at a $1.5B valuation.@HCLTech and @BessemerVP have joined us in this round, alongside continued support from @khoslaventures and @peakxvpartners
For countries and companies,… pic.twitter.com/k3h1isqkRq
— Sarvam (@SarvamAI) June 15, 2026
In its latest funding round, HCLTech will be investing $150 million as the lead strategic investor and will also deploy its “deep enterprise transformation expertise, trusted global client relationships, data and other software IP, and engineering depth.”
Sarvam has had two main funding rounds so far with seed+Series A funding of $41 million in December 2023 led by Lightspeed Venture Partners and PeakXV Partners co-leading.
Sarvam offers a comprehensive suite of APIs and tools that include foundational models, AI chatbots/agents, Speech-to-Text (ASR) in 12+ Indic languages, Text-to-Speech (TTS) in 11+ Indic languages among others.
The startup also claimed that its foundational model variant Sarvam 105B matches large reasoning models on knowledge, reasoning and agentic benchmarks while the Sarvam, 30B is optimised for running on consumer hardware and Sarvam vision is built for handwriting and Indian language records.
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