Last mentioned: Jun 18, 2026
Series B first close: $234 million raised
Sarvam becomes a unicorn at $1.5 billion valuation, with HCLTech leading with $150 million for 10.46% stake.
Sarvam AI founded
Co-founders Vivek Raghavan and Pratyush Kumar establish Sarvam to build full-stack sovereign AI for India.
With a $27M seed round co-led by Khosla Ventures, Accel, and other top VCs, Pramaana Labs is carving out a new category—AI formal verification—that addresses the trust crisis in enterprise AI by mathematically proving every answer.
Sarvam AI's unicorn milestone comes with staggering traction: 45 million policyholders served and 17 million farmers engaged via multilingual voice agents. The $234 million Series B will fuel expansion across banking, insurance, and defense sectors. This funding highlights the rise of a new generation of Indian AI startups.
Sarvam’s latest round not only catapults it to unicorn status but also highlights a strategic shift in Indian venture: corporate investment by an IT services major alongside top-tier VCs. This raises the bar for deep-tech funding in the region.
AI accounting startup Basis has raised $100 million in a Series B round led by Accel, valuing the company at $1.15 billion. The startup deploys autonomous 'agentic AI' to handle complex financial workflows, aiming to solve a critical talent shortage in the professional services sector.
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