Cognizant In Talks To Invest In Sarvam At $3.5 Bn To $4 Bn Valuation: Report
Sarvam AI, a Bengaluru-based AI startup that became a unicorn in June 2024 after raising $234 million in Series B funding led by HCLTech, is reportedly negotiating a new funding round with Cognizant Technology Solutions. The proposed round values Sarvam at $3.5–$4 billion, representing significant growth from its previous $1.5 billion valuation. Cognizant's potential investment reflects IT services companies strengthening AI capabilities as generative and agentic AI reshape traditional outsourcing models. HCLTech and Cognizant would become the two largest IT services investors on Sarvam's cap table.
Key points
- Sarvam raising ~$300M at $3.5–$4B valuation from Cognizant
- Valuation more than doubles from $1.5B Series B in June 2024
- IT services firms investing as AI reshapes outsourcing models
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