New Delhi, June 15 -- Sarvam, India's full-stack sovereign AI company, has raised $234 million in the first close of its $300 million Series B at a post-money valuation of $1.5 billion, marking one of the largest funding rounds for an Indian AI startup.

According to the company's press release, HCLTech and Bessemer Venture Partners invested in the round, with continued support from existing investors Khosla Ventures and Peak XV Partners.

The funding will accelerate Sarvam's work across the AI stack: training and inference infrastructure, frontier model research, and enterprise/government deployments. The company said the investment will fund "continued research on training its next frontier model for agentic, coding, and cybersecurity u...