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Bengaluru-based AI startup Sarvam has secured an additional USD74 million from Nvidia, Activate, Glade Brook Capital and Gaja Capital, completing its previously announced USD300 million funding round at a USD1.5 billion valuation, according to regulatory filings.
“We are going to push hard across every layer of the company, but the thing that excites me most right now is our shot at building frontier-class AI systems from India. We are assembling the team, the compute, and the deployment engine to make this happen,” said Pratyush Kumar, Co-founder, Sarvam, in a LinkedIn post following the funding announcement.
The latest investment follows the first close of USD234 million announced in June, which was led by HCLTech and Bessemer Venture Partners, with participation from Lightspeed, Peak XV Partners and Khosla Ventures. The fresh investment also marks Nvidia’s entry as an investor in the AI startup.
Sarvam plans to use the funding to build sovereign AI models and infrastructure for India, expand its research and engineering teams, and develop enterprise AI products. The company was recently selected by the Government of India to build one of the country’s sovereign large language models under the IndiaAI Mission.
Aakrit Vaish, founder, Activate said in his recent linkedin post, “This is the single largest capital commitment we’ve ever made to a company, bringing together a number of our strategic LPs and family offices in support of Sovereign AI in India. We are incredibly excited to back Sarvam and believe that India’s sovereign AI stack will be one of the defining technology stories of the coming decade”
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