Private Equity Other Private Equity/Strategic Investments
IT services firm Cognizant in talks to invest in generative AI co. Sarvam
New Jersey (US)- and Chennai-based IT services firm Cognizant Technology is in talks to participate in a fundraising round for the Bengaluru-based artificial intelligence firm Sarvam at a valuation of USD 3.5-B to USD 4-B.Sarvam develops Indian-language AI models and applications tailored for government agencies and businesses. Sarvam is also engaged in talks with domestic enterprises to secure them as anchor investors for the round.The company plans to use the capital from this potential funding round to support operations and growth.
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Between Aug 2023 and Aug 2026, Sarvam AI had attracted about $ 362 M from Gaja Capital, Glade Brook Capital, Indigo Ventures, Bessemer, Khosla Ventures, Peak XV Partners, Lightspeed Ventures, others, which includes $ 150 M strategic investment from HCL Technologies in Jun 2026.For FY25, Sarvam AI had reported about INR 2 Cr in Operating Income and about INR 102 Cr in Net Loss.