Sarvam, an Indian sovereign artificial intelligence company, has announced the first close of its Series B funding round, raising $234 million at a post-money valuation of $1.5 billion.

The round was led by HCLTech and Bessemer Venture Partners, with continued participation from existing investors Khosla Ventures and Peak XV Partners.HCLTech is contributing $150 million as the lead strategic investor, making it the largest participant in the funding round.

The company stated that the fresh capital will be used to advance research and development of its next-generation frontier AI models, particularly for agentic AI, coding assistance, and cybersecurity applications.The investment will also help Sarvam gain access to large-scale computing resources and strengthen its deployment across multiple industry sectors.

According to the company, the partnership with HCLTech combines Sarvam's AI research capabilities with HCLTech's enterprise transformation expertise, global customer network, engineering talent, software assets, and data resources.HCLTech CEO and Managing Director C.

Vijayakumar said the collaboration aims to create a full-stack AI platform for enterprises and governments while supporting secure, scalable, and responsible AI adoption.

Sarvam said it is building capabilities across the entire AI stack, including model training, inference infrastructure, frontier AI research, and commercial deployment for enterprises, developers, and government organisations.The company also claimed that it has recently released several foundational AI models that were trained entirely in India.

The investment is being positioned as a significant step towards strengthening India's domestic AI ecosystem and improving the country's competitiveness in the global artificial intelligence sector.