Despite India's large startup ecosystem, it has not yet made a significant impact in the AI sector. Sarvam AI aims to change this, with plans to make its first model public in the coming weeks. The investment in Sarvam AI comes as investors worldwide are eager to back AI breakthroughs, anticipating that advances in AI will make industries more efficient and startups leading the way will deliver substantial returns.
Key takeaways:
- Sarvam AI, an Indian startup, has raised $41 million in Seed and Series A financing rounds led by Lightspeed, with participation from Khosla Ventures and Peak XV Partners.
- The startup is developing large language models (LLMs) that support Indian languages and a platform for businesses to build with LLMs. It is also focusing on building LLMs that use voice as the default interface in India.
- Sarvam AI was founded by Vivek Raghavan and Pratyush Kumar, who previously worked at Microsoft-backed nonprofit AI4Bharat. The startup plans to make its first model public in the coming weeks.
- The investment comes as investors globally are looking to back AI breakthroughs, with the belief that advances in AI will make industries more efficient and startups at the forefront will deliver generational returns.