Sarvam AI becomes $1.5B unicorn to build sovereign agentic AI

On June 16, 2026, multiple Indian outlets reported that Bengaluru-based Sarvam AI has closed a $234 million first tranche of its Series B at a $1.5 billion valuation, led by HCLTech with participation from Bessemer Venture Partners, Khosla Ventures and Peak XV. A Moneycontrol interview the same day detailed that Sarvam plans to use the round to scale compute, build larger models, open a San Francisco office and focus on enterprise-grade agentic AI.