Homegrown AI startup Sarvam is in talks to raise $300 million, potentially doubling its valuation to $3 billion. The company builds Indian-language models for businesses and government agencies. In June, Sarvam got $300 million at a $1.5 billion valuation. Many firms now use its tools for drafting and document analysis.
The startup builds Indian-language AI models and applications for government agencies and businesses, including banks and insurers. Its customers include Life Insurance Corp. of India, SBI Life, IDFC First Bank, Tata Capital and Cred. Maharashtra has approved deployment of Sarvam's Indus AI workspace across departments for drafting, translation and document analysis, with government data hosted within India.
Homegrown artificial intelligence model startup Sarvam is in talks to raise another $250-300 million at a $3 billion valuation, according to people aware of these discussions, doubling it from just four months ago.That will potentially make it the highest valued AI startup in the country. In June, Sarvam had secured more than $300 million at a $1.5 billion valuation.The startup builds Indian-language AI models and applications for government