India, June 15 -- AI startup Sarvam has become India's 130th unicorn after raising $234 Mn (about Rs.2,210 Cr) as part of its $300 Mn Series B funding round at a post-money valuation of $1.5 Bn.

The funding round was led by HCLTech, and also saw participation from Bessemer Venture Partners, Khosla Ventures and Peak XV Partners. HCLTech will invest $150 Mn as part of the round.

The startup will use the fresh capital for its research efforts, including the development of next-generation AI models focused on agentic AI, coding and cybersecurity applications. Sarvam also plans to expand its compute infrastructure and scale deployments across sectors.

Founded in 2023 by Pratyush Kumar and Vivek Raghavan, Bengaluru-based Sarvam builds AI mod...