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Investment

Gen AI startup Sarvam AI raises $41 mn funding from Lightspeed, Peak XV and Khosla Ventures

Sarvam AI, a Chennai-headquartered startup founded in July and developing its own generative artificial intelligence (Gen AI) models, said it has raised $41 million in a Series A round of funding, according to ETtech report. This first round of funding was led by Lightspeed Venture Partners. The other investors are Peak XV, formerly Sequoia India […]

Categories
Investment

AI4Bharat researchers to raise $12 million from Peak XV, Lightspeed for own firm

Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to Reuters report. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are […]