Sarvam reaches unicorn status with $234M round

TechCrunch reported that Bengaluru-based Sarvam raised $234 million at a $1.5 billion valuation, making it India's newest AI unicorn. HCLTech is providing $150 million of the round as lead strategic investor, with Bessemer Venture Partners and existing backers also participating. Sarvam said it will fund next-generation agentic, coding, and cybersecurity models while expanding compute access and enterprise deployments. The round is also a sovereign-AI signal because Sarvam is building Indian-language models, inference infrastructure, and applications for government and enterprise customers.

Key details: Published June 15, 2026, Sarvam raised $234 million at a $1.5 billion valuation, HCLTech is contributing $150 million as lead strategic investor, Sarvam says its platform handles 10 million API calls daily.

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