Bengaluru based Sarvam, a company building what it describes as a full stack sovereign AI platform for India, has completed the first close of its Series B funding round. The startup has raised 234 million dollars out of a planned 300 million dollar target, taking its valuation to 1.5 billion dollars on a post money basis. The round brought in two new investors, HCLTech and Bessemer Venture Partners, while existing backers Khosla Ventures and Peak XV Partners also continued to support the company. The announcement was made on June 15, 2026.
HCLTech Steps In As The Lead Strategic Investor
IT services major HCLTech has contributed 150 million dollars to the round, making it the single largest investor and the lead strategic partner in this raise. According to the company, HCLTech is bringing years of enterprise transformation experience, established relationships with clients worldwide, proprietary data and software, and strong engineering capability into the partnership. The goal is for this combination to help speed up Sarvam’s plan to build a complete, end to end sovereign AI system for businesses and governments, both within India and beyond. HCLTech’s chief executive and managing director, C Vijayakumar, described the investment as a major step toward creating an AI ecosystem out of India that can be trusted and that can compete globally. He added that combining Sarvam’s research capabilities with HCLTech’s international presence would help build a distinct, full stack AI platform aimed at enterprises and governments, one centred on being secure, scalable, and responsibly built.
Where The New Funds Will Go
Sarvam plans to use the fresh capital to keep developing across the full AI value chain, covering the infrastructure required for training and running models, original research into frontier level AI, and an outreach approach that spans enterprises, individual developers, and government bodies. A significant portion of the funding will support training the company’s next major model, with particular attention on agent driven tasks, coding assistance, and cybersecurity use cases. The company also intends to use the capital to access greater computing power, helping it expand further into key industry sectors. Co founder Pratyush Kumar said the company sees a major opportunity in research driven innovation that can produce AI suited to India’s scale, including systems able to understand Indian voices, process documents, and deliver useful intelligence at a price that enterprises and governments can genuinely afford. Building on this approach, he said Sarvam is now working toward a full stack offering that would let enterprises run and manage their own sovereign AI setups.
Sarvam’s Models Are Already Being Used At A Large Scale
Over the past few months, Sarvam has rolled out several AI models built and trained entirely within India. One of these, Sarvam 105B, performs as well as or better than larger reasoning focused models on tasks involving knowledge, reasoning, and autonomous agent behaviour. A lighter model, Sarvam 30B, has been built to run smoothly on everyday consumer devices rather than requiring heavy infrastructure. Another product, Sarvam Vision, is designed to read handwriting and documents written in Indian languages, and it has already been used to digitise more than 35 million pages of records, ranging from insurance paperwork to old land documents. The company’s speech recognition systems are also processing more than half a million hours of audio every month, even in the noisy and varied conditions common across India.
These tools are now seeing heavy use across banking, insurance, government technology, and defence. Sarvam’s conversational AI platform alone is handling more than 2 million interactions daily, a number that has doubled in just the last two months. Its inference platform within India is processing 10 million API calls every day, with usage tripling over the past three months as more developers adopt it. A major fintech company is also using Sarvam’s agent based tools to support a sales team of close to 350,000 people, reporting clear performance gains as a result. The platform’s impact reaches beyond business use cases too. Multilingual voice agents built by Sarvam have helped gather detailed data from 17 million farmers, insights that are now being used by the Ministry of Agriculture and Farmer’s Welfare. Separately, a nationwide voice based campaign run for one of India’s leading insurance companies has supported affordable policy renewals for 45 million policyholders.
With this new funding and a strong strategic partner in HCLTech, Sarvam looks set to deepen its role as one of India’s leading homegrown AI companies. Its growing footprint across farming, banking, insurance, and government services suggests that its sovereign AI approach is already creating measurable impact at a national level.
