Sarvam raises $234M Series B led by HCLTech, becoming a unicorn at $1.5B

Sarvam AI

Sarvam closed the first $234M of a planned $300M Series B at a $1.5B post-money valuation. HCLTech put in $150M; Bessemer joined with existing backers Khosla Ventures and Peak XV. The money goes to a next frontier model for agents, coding and cybersecurity, and to compute.

• The remaining $66M of the round has no announced closing date.
• Target sectors: banking, insurance, government and defence.
• Sarvam reports 2M+ daily conversations and 35M+ pages digitised by its models.