Lightspeed Leads $41 Mn Funding Round In 5-Month-Old Sarvam AI For Its Full Stack GenAI Suite

Lightspeed Leads $41 Mn Funding Round In 5-Month-Old Sarvam AI For Its Full Stack GenAI Suite

SUMMARY

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.

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