Industry2h ago
Industry
HCLTech Leads $300 Million Sarvam AI Round
HCLTech is investing $150 million into Sarvam AI, anchoring a $300 million funding round at a $1.5 billion valuation. Bessemer contributes $50 million, while Nvidia and other firms provide the remaining $100 million. This capital injection accelerates the development of India-centric large language models. Enterprise buyers now have a better-funded partner for localized AI deployment.