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[Funding alert] Generative AI Startup Sarvam AI Secures $41 Mn in Series A Funding led by Lightspeed

Sarvam AI, an Indian startup in Generative AI founded by Vivek Raghavan and Pratyush Kumar, has announced that it is raising $41 million in Series A round. This funding, led by Lightspeed and supported by Peak XV Partners and Khosla Ventures, represents the largest raise at this stage for an Indian AI startup.
Vivek Raghavan and Pratyush Kumar, co-founders of Sarvam AI

Sarvam AI, an Indian startup in Generative AI founded by Vivek Raghavan and Pratyush Kumar, has announced that it is raising $41 million in Series A round. This funding, led by Lightspeed and supported by Peak XV Partners and Khosla Ventures, represents the largest raise at this stage for an Indian AI startup.

Sarvam AI targets India’s demands. This includes teaching AI models to accommodate Indian languages and voice-first interfaces. Co-building domain-specific AI models using Indian firms’ data is also planned. Finally, the company wants to produce a population-scale effect by stacking GenAI on the proven India stack for public-good applications.

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Hemant Mohapatra, Partner, Lightspeed, reflecting on their global experience in funding leading GenAI ventures, remarked, “Having backed some of the most influential names in GenAI globally, we are excited by Sarvam AI’s unique approach in combining model innovation and application development to build population-scale solutions for India. Lightspeed will be close partners and contribute with our deep capital stack and learnings from our global platform.”

Co-founder of Sarvam AI, Vivek Raghavan, reflecting on his decade long experience in building digital public infrastructure including Aadhaar stated, “I have seen first hand the enormous value in innovating at foundational layers and deploying at population scale. India has demonstrated that it can harness technology differently, and with GenAI we have an opportunity to reimagine how this technology can add value to people’s lives.”

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Domiciled in India, Sarvam AI hopes to contribute to India’s strategic goals in this space. Vinod Khosla, a pioneer in Silicon Valley AI investments, including his early support for OpenAI, commented, “We see several countries having sovereign efforts to build GenAI models given its strategic importance. We need companies like Sarvam AI to develop deep expertise for building AI in and for India.”

Co-founder of Sarvam AI, Pratyush Kumar, drawing on his research expertise in academia and corporate research, said, “Our aim is to establish Sarvam AI as a beacon for AI innovation, attracting the brightest minds to tackle foundational research challenges right here in India.” As a founder of the research initiative on open-source Indian language AI called AI4Bharat, Kumar has a track-record of building state-of-the-art AI models for Indian languages which are deployed for various public-good and commercial applications. Kumar also noted, “The race towards ever more powerful AI is both an exciting and divisive one. We named our company Sarvam, which in Sanskrit means ‘all’, as we are intentionally invested in technical and ecosystem innovations that make this technology accessible to all.”

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Led by its successful founders, Sarvam AI is putting together a high quality team. Commenting on the people at Sarvam AI, Harshjit Sethi, Managing Director, Peak XV, said, “The Sarvam AI team led by Vivek and Pratyush is among the highest calibre AI teams we have seen emerge from India. Vivek’s expertise in building large scale systems with Pratyush’s domain expertise in AI makes them uniquely positioned to build population scale AI applications. Large scale adoption of AI in India will require not only building uniquely Indian use cases but also delivering them at prices that everyone can afford and we believe the Sarvam team is best positioned to accomplish this.

About Sarvam AI

Vivek Raghavan and Pratyush Kumar founded Sarvam AI in July 2023 intending to create large language models (LLMs) that are uniquely tailored for use cases that are focused on India.

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