Sarvam, an AI startup from Bengaluru, has raised $234 million at a $1.5 billion valuation, becoming India’s newest AI unicorn. The funding comes from HCLTech and other investors as the country seeks to develop sovereign AI capabilities. Sarvam plans to use the funds to commercialize its technology and expand access to computing infrastructure. With this investment, Sarvam aims to build full-stack AI products for businesses and governments in India and beyond.