Indian AI startup snags fast $41m from Lightspeed and others

Funding set to support Indian languages and voice-first interfaces

20231208 Sarvam AI

The investment in Sarvam aligns with the global trend of pouring money into AI companies early. (Nikkei montage/Source photo Sarvam AI website)

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- Artificial intelligence startup Sarvam AI said it raised $41 million in a Series A funding round led by Lightspeed, barely five months into operation.

The generative AI company, founded by Vivek Raghavan and Pratyush Kumar, also saw participation from Peak XV Partners and Khosla Ventures in the round, which they claim is the largest fundraising at this stage for an Indian AI startup. The announcement came on Thursday.

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