Indian sovereign AI company Sarvam raised $234 million in the first close of a $300 million Series B funding round on June 16, 2026, with technology firm HCLTech committing $150 million for a 10.46 percent stake.
The funding valued the Bengaluru-based company at approximately $1.5 billion. Sarvam focuses on developing large language models and AI infrastructure specifically calibrated for Indian languages and public-sector applications.
HCLTech’s investment as lead strategic partner signals the integration of Sarvam’s capabilities into enterprise service offerings. The company has positioned itself as a domestic alternative to US-based AI providers for government and regulated industry use cases.
India’s broader ambition to develop sovereign AI capabilities received a private-sector boost from the round. Investors and policymakers have argued that controlling foundational AI infrastructure is increasingly a strategic priority comparable to semiconductor or energy independence.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources: