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HCLTech shares gain 4% after ₹1,427 cr investment in Sarvam AI
Shares of HCL Technologies rose nearly 4 per cent on Tuesday after the IT services major announced a ₹1,427.25 crore investment in Sarvam AI, marking what analysts described as a strategic bet on the emerging sovereign artificial intelligence (AI) opportunity.
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thenextweb.com
Sarvam is India's newest AI unicorn after a $234m round
Sarvam raised $234m led by HCLTech ($150m) at a $1.5bn valuation, making the Bengaluru sovereign-AI company India's newest AI unicorn.
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economictimes.indiatimes.com
Sarvam raises $234 million led by HCLTech at $1.5 billion valuation - The Economic Times
Bessemer Venture Partners, and existing investors Khosla Ventures and Peak XV Partners also participated in the round that values Sarvam at $1.5 billion.
