AI company Sarvam in talks for $300-M funding at $3-B valuation

Bangalore-based artificial intelligence model firm Sarvam is in talks to raise USD 250-M to USD 300-M, potentially doubling its valuation to USD 3-B just four months after its previous funding round. If concluded, this transaction would position the firm as the highest-valued AI company in India. In June, the company raised over USD 300-M at a USD 1.5-B valuation.Sarvam develops Indian-language AI models and applications tailored for government agencies and businesses, including major entities such as Life Insurance Corp. of India, SBI Life, IDFC First Bank, Tata Capital, and Cred. Its offerings include the Indus AI workspace, which has been approved by the government of Maharashtra for departmental tasks such as document drafting, translation, and analysis, with data hosted within India.The firm plans to use the proceeds from the current funding round to support its ongoing development of large language models and to expand its enterprise and government-focused AI solutions.