Bessemer Venture Partners Deals

Sarvam AI raised $234 million in the first close of a planned $300 million Series B led by HCLTech, with major venture investors joining to fund sovereign Indian foundation models and enterprise agentic AI products.

DriveNets raised a $410 million Series D round, led by Bessemer and Atreides with AMD and other investors participating, to scale its Ethernet fabric for hyperscale AI infrastructures.

Trajectory raised a $15 million seed round to build a continual-learning feedback platform that lets companies regularly retrain and redeploy AI models based on real user interactions.

Sarvam AI is reportedly finalizing a $300–$350 million round led by Bessemer, with Nvidia, Amazon and Prosperity7 to build India-centric multilingual and agentic AI models at a valuation around $1.5 billion.

Series A investment to expand Converge Bio’s generative AI platform for antibody design, protein yield optimization and biomarker discovery.

Merlin Ventures led a $140 million Series D investment into Torq to accelerate adoption of its agentic AI SOC platform and expansion into U.S. federal and global enterprise markets.