HCLTech Puts $150M into Sarvam's Sovereign AI Push

Sarvam, an Indian sovereign AI firm, closed the first part of a $300 million Series B at a $1.5 billion valuation on Monday, pulling in $234 million. HCLTech and Bessemer Venture Partners led the round. Existing investors Khosla Ventures and Peak XV Partners also joined.

HCLTech committed $150 million as the lead strategic investor. The company said the money will fund Sarvam's work on frontier models for agentic, coding, and cybersecurity use cases. It will also support compute access to expand the firm's go-to-market across key verticals.

“By bringing together Sarvam’s research in AI models with HCLTech’s global presence, we are creating a differentiated full-stack AI platform for enterprises and governments,” HCLTech CEO C Vijayakumar said in a statement. The investment strengthens the country’s AI ecosystem, he added.

Sarvam builds across the stack: training and inference infrastructure, frontier model research, and a go-to-market motion spanning enterprises, developers, and government. The firm said it has released foundational models trained from scratch in India.

The second close of the Series B is expected to bring in the remaining $66 million.