NEW DELHI: In the most important ever series A (early stage) funding for an Indian AI (synthetic intelligence) startup, Bengaluru-based Sarvam AI has bagged $41 million in funding led by Lightspeed. Peak XV Partners and Khosla Ventures additionally participated in the funding spherical. The funding underlines a buoyant investor urge for food for brand new age corporations working in the AI house even because the broader startup ecosystem is grappling with a funding slowdown.
Founded by Vivek Raghavan and Pratyush Kumar, Sarvam AI operates in the generative AI house, a expertise which has been gaining floor in latest months. The firm is constructing the complete stack for generative AI starting from research-led improvements in coaching customized AI fashions to an enterprise-grade platform for deployment. “…..this full-stack approach will accelerate adoption of GenAI in India, especially given that enterprises see the potential of GenAIbut are grappling with how to leverage it for their business,” the corporate mentioned in a press release. The startup mentioned that it’ll additionally work with Indian enterprises to co-build domain-specific AI fashions on their knowledge. “Finally, the company aims to create population-scale impact layering GenAI on top of the highly successful India stack specifically for public-good applications,” it mentioned.
Sarvam AI’s technique will likely be to concentrate on India’s distinctive wants. This will embrace coaching AI fashions to help the various set of native languages and voice first interfaces. Harshjit Sethi, managing director at Peak XV mentioned that enormous scale adoption of AI in India won’t solely require constructing distinctive Indian use instances but additionally delivering them at inexpensive costs. “We are excited by Sarvam AI’s unique approach in combining model innovation and application development to build population scale solutions for India,” added Hemant Mohapatra, associate at Lightspeed.
Founded by Vivek Raghavan and Pratyush Kumar, Sarvam AI operates in the generative AI house, a expertise which has been gaining floor in latest months. The firm is constructing the complete stack for generative AI starting from research-led improvements in coaching customized AI fashions to an enterprise-grade platform for deployment. “…..this full-stack approach will accelerate adoption of GenAI in India, especially given that enterprises see the potential of GenAIbut are grappling with how to leverage it for their business,” the corporate mentioned in a press release. The startup mentioned that it’ll additionally work with Indian enterprises to co-build domain-specific AI fashions on their knowledge. “Finally, the company aims to create population-scale impact layering GenAI on top of the highly successful India stack specifically for public-good applications,” it mentioned.
Sarvam AI’s technique will likely be to concentrate on India’s distinctive wants. This will embrace coaching AI fashions to help the various set of native languages and voice first interfaces. Harshjit Sethi, managing director at Peak XV mentioned that enormous scale adoption of AI in India won’t solely require constructing distinctive Indian use instances but additionally delivering them at inexpensive costs. “We are excited by Sarvam AI’s unique approach in combining model innovation and application development to build population scale solutions for India,” added Hemant Mohapatra, associate at Lightspeed.
