Crypto界网 News,
On April 5, Bloomberg reported that Indian AI startup Sarvam AI is nearing completion of a round of $300 million to $350 million in funding, aiming to build a homegrown artificial intelligence company to compete with industry leaders.
According to people familiar with the matter, the valuation for this round of funding is about $1.5 billion to $1.55 billion, and it is expected to be completed as early as next week. Bessemer Venture Partners is expected to lead the investment, and Nvidia, Amazon, and Prosperity7 Ventures will also participate. Because the discussions have not been made public, these individuals requested anonymity.
Sarvam AI was founded in 2023 by two AI researchers, Vivek Raghavan and Pratyush Kumar. The company’s model is primarily used through voice commands and supports 22 Indian languages. The company believes this will create a significant competitive advantage in India, which has a population of 1.45 billion, because the vast majority of people cannot read, write, or input in English. Its goal is to challenge companies such as OpenAI and Alphabet Inc.—whose models often perform poorly when handling Indian languages.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
