Axonwise Private Limited, operating as Sarvam AI, has successfully secured $300 million in a Series B funding round. This significant investment was led by industry giants HCL Technologies and Bessemer Venture Partners, with additional support from existing investors.
Legal Advisory Roles
In this major transaction, Trilegal served as the legal advisor to Sarvam AI. The firm played a key role in navigating the complexities of the fundraise. Meanwhile, TT&A provided legal counsel to HCL Technologies, which acquired a 10.46% stake in Sarvam AI through this investment. The team at TT&A included esteemed professionals such as Partners Gautam Saha and Punita Gupta, along with Managing Associate Aditi Somani, Senior Associate Sajjan Singh, and Associate Megha Rana. Additionally, Partner Sonam Mathur, Managing Associate Shubhang Joshi, Senior Associate Samriddha Gooptu, and Associate Shashank Mehrotra provided expertise on competition law.
On the other side, Cyril Amarchand Mangaldas advised Bessemer Venture Partners. The team was spearheaded by Partner Krithika Chandrasekaran, supported by Senior Associate Jayant Belgaumkar and Associates Manav, Tara Ranade, and Abhisek Behera. Their Technology, Media, and Telecommunications (TMT) team, led by Partner Arun Prabhu and Partner Arpita Sengupta, provided insights into intellectual property, artificial intelligence, and data protection. The competition law aspects were managed by Partner Avaantika Kakkar and Partner Dhruv Rajain, with support from Principal Associate Rajat Sharma and Senior Associate Vanya Agarwal.
Strategic Development and Future Plans
Sarvam AI stands at the forefront of developing an advanced AI platform tailored specifically to Indian languages, data, and governance systems. The newly acquired funds will be instrumental in bolstering Sarvam AI’s research and development initiatives, particularly focusing on next-generation models that enhance agentic capabilities, coding proficiency, and cybersecurity applications. Moreover, this investment will facilitate access to extensive computing resources, accelerating the platform’s deployment across various critical industry sectors.
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