Funding · AI & Deep Tech

Sarvam raises $300M Series B at $1.5B valuation

By Startup Enthusiast · 3 August 2026

What they do

Sarvam builds AI infrastructure, foundation models, and enterprise products for banking, insurance, and government

It raised $300M in Series B funding at a $1.5B post-money valuation, with a first close of $234M led by HCLTech and Bessemer Venture Partners

Nvidia, Gaja Capital, Indigo Ventures, Glade Brook Capital, and others participated in the round

Sarvam raised $300 million in Series B funding at a $1.5 billion post-money valuation.
The first close of $234M was led by HCLTech and Bessemer Venture Partners.
Activate invested about $15M via a separate SPV for growth-stage opportunities.
Nvidia committed ₹238 crore, Gaja Capital ₹95.13 crore, and Indigo Ventures ₹30.01 crore per filings.
Sarvam was selected under the IndiaAI Mission to build India's sovereign foundation model.
The company unveiled 30-billion and 105-billion parameter foundation models earlier in 2026.

Activate's investment is its single largest capital commitment ever, supporting Sovereign AI in India.
Moneycontrol first reported in March 2026 that Nvidia was in talks to back Sarvam as part of a $200-250M round.
Activate co-founder Aakrit Vaish called Sarvam 'probably the most important company of our generation for AI in India'.
Co-founder Pratyush Kumar said HCLTech's investment reflects a broader shift in India's AI ecosystem.

Sarvam is a full-stack sovereign AI company that keeps value from data, models, and AI agents within a country or enterprise.
It develops AI infrastructure for training and inference, and builds frontier foundation models across text, speech, vision, and document intelligence.
Products include Voice Agents, Content Agents, Doc Agents, and Work Agents, plus APIs for Text to Speech, Speech to Text, Translation, and Document Digitisation.
It supports 11 Indic languages for Text to Speech, 12 for Speech to Text, and 23 for Translation.
Deployment options: Sarvam Cloud, Private Cloud (VPC), and On-Premises (air-gapped) for regulated industries.
Security certifications: SOC 2 Type II, ISO 27001, DPDP compliant with role-based access and audit trails.
Infrastructure metrics: 10B+ tokens served, median latency <100ms, uptime SLA 99.9%.
Key sectors: banking, insurance, government technology, and defence.

Fresh capital to develop next-generation foundational AI models.
Expand AI computing infrastructure.
Accelerate enterprise deployments.
Activate and Sarvam plan to collaborate on AI startups, enterprise adoption, and research talent.

Activate (participated) — AI-focused venture firm co-founded by Aakrit Vaish and Pratyush Choudhury; invested about $15M via a separate SPV.
Nvidia (participated) — Global leader in AI computing; committed ₹238 crore.
Gaja Capital (participated) — Indian private equity firm; committed ₹95.13 crore.
Indigo Ventures (participated) — Venture arm of IndiGo airline; committed ₹30.01 crore.
HCLTech (lead) — Indian IT services company; led the first close of $234M.
Bessemer Venture Partners (lead) — Global venture capital firm; co-led the first close.

Product: Foundation models and agentic AI systems with voice capabilities and enterprise applications
Customers: Enterprise customers across finance, aviation, telecom and government sectors
How it makes money: SaaS and licensing model for AI models and enterprise AI applications
What sets it apart: India-built sovereign AI stack with focus on cost-effective deployment and localization