India’s AI Push Gets a Boost as Sarvam AI Targets $1.5 Billion Valuation
Sarvam AI, an Indian startup, is in talks to raise $320-350 million, potentially valuing it at $1.5 billion. The company is developing AI models tailored to Indian languages and use cases.
Sarvam AI, a Bengaluru-based startup, is nearing a funding round of $320-350 million, which could value it at $1.5 billion. The company is developing large language models trained on Indian languages and datasets. Its flagship models, Sarvam-30B and Sarvam-105B, support over 20 Indian languages. The funding round is expected to be led by global tech giants and venture capital firms, including Nvidia, Amazon, and Bessemer Venture Partners. Sarvam AI's focus on India-centric AI models aligns with the government's 'sovereign AI' initiative. The startup's growth is seen as a milestone for India's AI ambitions, with the country aiming to compete globally in the field.
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