Sarvam AI has secured $234 million in a Series B funding round, valuing the company at $1.5 billion and making it India's newest AI unicorn. This follow-on round, led by HCLTech with $150 million, also saw participation from Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners. The funds will be used to further develop AI models tailored for Indian languages and use cases, with plans to integrate them with HCLTech's enterprise solutions for deployment across banking, insurance, government, and defense sectors.