Overview
- Sarvam closed a $75 million extension to its Series B on Wednesday with Nvidia as the largest investor, lifting the startup’s post-money valuation to about $1.51 billion.
- Nvidia invested roughly ₹238 crore for about a 1.66% stake while the round also included Glade Brook, Gaja Capital and other funds, taking Sarvam’s total capital raised to about $349 million.
- The company says it plans to train a trillion-plus-parameter foundation model on a proposed cluster of 10,000 Nvidia Blackwell GPUs, a plan that remains an operational build-out rather than a completed deployment.
- Sarvam’s founders retain a combined majority stake of just over 38% after the extension and HCL Technologies’ holding falls to about 9.95%, with the new capital earmarked for compute, model training and enterprise and government products.
- Nvidia’s equity tie formalizes a deep technical relationship that could ease GPU supply and software integration bottlenecks for Sarvam and signals growing investor interest in India’s sovereign-AI and foundation-model infrastructure.