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HCLTech bets big on sovereign AI with strategic investment in Sarvam AI
HCLTech strategically invested $1.5 billion in Indian AI startup Sarvam AI, acquiring a 10.5% stake. This partnership aims to address enterprise AI adoption barriers through hybrid models combining private and frontier AI, while also capitalizing on the growing sovereign AI market in India and globally.
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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.
