Stocks
Sarvam Secures $75 Million from Nvidia, Glade Brook in Ongoing Funding Round
Sarvam AI, an India-based startup, has secured $75 million from Nvidia and other investors as part of its ongoing funding round. This investment is a portion of the larger $300-310 million funding round that Sarvam announced earlier.
The company plans to use this investment to build large language models tailored for local Indian use cases. As part of its efforts, Sarvam has already unveiled its first homegrown foundational models supporting 22 Indian languages.
The startup aims to compete with global frontier AI models and become a significant player in the industry. The investors participating in this funding round include Nvidia, Glade Brook, Gaja Capital, IndiGo Ventures, and several individual investors.