Sarvam raises $234 million led by HCLTech at $1.5 billion valuation

India’s homegrown artificial intelligence startup, Sarvam AI has raised $234 million led by software services company HCLTech as a part of its ongoing funding round, according to a press release.

Bessemer Venture Partners, and existing investors Khosla Ventures and Peak XV Partners also participated in the round that values Sarvam at $1.5 billion.