The Indian AI startup Sarvam has raised $234 million at a $1.5 billion valuation and earned "unicorn" status. HCLTech became the lead strategic investor, contributing $150 million. Participants include Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners. Sarvam aims to bring its Series B up to $300 million. In 2026, the startup released open-source models with 30 billion and 105 billion parameters, and it will direct the new funds toward developing the next generation of models and expanding its computing infrastructure.

Source: ForkLog