The Series A funding of $41 Mn (around INR 342 Cr) was led by Lightspeed Venture Partners, with participation from Peak XV Partners and Khosla Ventures
The startup plans to deploy the fresh proceeds to build a full-stack for GenAI ranging from research-led innovations in custom AI model training to an enterprise-grade platform for authoring and deployment
As per an Inc42 report, “India’s Generative AI Startup Landscape, 2023”, the generative AI market in India is poised to see a substantial increase from $1.1 Bn in 2023 to over $17 Bn by 2030, growing at a CAGR of 48%
Bengaluru-based Sarvam AI, a startup in the generative artificial intelligence (GenAI) space, has raised Series A funding of $41 Mn (around INR 342 Cr) led by Lightspeed Venture Partners.
The round also saw participation from Peak XV Partners (erstwhile Sequoia India and Southeast Asia) and Khosla Ventures.