business / news / / CNBC TV18
HCLTech plans to invest 150 million dollars in Sarvam AI, leading a 300 million dollar round valuing the Indian AI startup at 1.5 billion dollars, with Nvidia and BVP also joining.
HCLTech will invest $150 million in Sarvam AI, leading a $300 million funding round.
KEY POINTS
- The new funding values Sarvam AI at $1.5 billion, a 7X increase from 2023.
- Nvidia, Bessemer Venture Partners, and others are participating alongside HCLTech in this round.
- Sarvam AI's recent LLMs reportedly outperform Gemini Flash models in Indian language benchmarks.
- Sarvam AI received 4,096 NVIDIA H100 GPUs and nearly ₹99 crore in government subsidies.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →