Sarvam AI seeks $300M funding round at $3B valuation

Sarvam is currently in discussions to raise between $250 million and $300 million. The startup is targeting a $3 billion valuation, which would potentially double its valuation from the $1.5 billion valuation secured in June. The company builds Indian-language AI models for banks, insurers, and government agencies.

The funding round aims to support Sarvam's expansion, including building a trillion-parameter model and establishing a San Francisco office. This growth is occurring amid reports of government action clamping down on social media in Delhi.