HCLTech has announced that it will acquire a 10.5 per cent stake in domestic generative artificial intelligence (AI) startup Sarvam AI for Rs 14.27 billion ($150.7 million) in cash, leading the company’s Series B round as a strategic investor. Sarvam AI was valued at $1.5 billion in the round, which raised $234 million in its first close out of a targeted $300 million, the startup said.
HCLTech said it will acquire 41,421 equity shares in the startup and fund its research and development aimed at training next-generation models for agentic AI, coding and cybersecurity use cases.
Further, as per HCLTech, the investment will enable the Indian IT services company to develop specific language models and AI solutions for its global client base and accelerate the development of sovereign AI solutions for governments and regulated industries.
