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AI Tech Startups

Indian Startup News on Instagram: “Indian AI startup Sarvam has become a unicorn after raising $234 million in the first close of a $300 million Series B funding round led by HCLTech, valuing the company at $1.5 billion. The round was led by HCLTech as a strategic investor, with Bessemer Venture Partners also backing the financing. Existing investors Khosla Ventures and Peak XV Partners participated in the round. HCLTech has committed $150 million as part of the investment. Sarvam said the funding will be used to develop next-generation AI models focused on agentic AI, coding and cybersecurity. The latest fundraise comes as Indian technology companies and investors increase their focus on sovereign AI, including foundation models and infrastructure designed for local languages, businesses and public-sector use cases. #sarvam #AI #startups #funding #unicorn #indianstartupnews”

Indian AI startup Sarvam has become a unicorn after raising $234 million in the first close of a $300 million…

AI Tech Startups

Indian Startup News on Instagram: “AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services, according to a Reuters report. Under the deal, Perplexity will run a range of AI models through Microsoft’s Foundry program, including systems from OpenAI, Anthropic and xAI, the report said. Perplexity is backed by Nvidia, whose chips are widely used to train and deploy advanced AI models. A Microsoft spokesperson told Reuters that Perplexity has chosen Microsoft Foundry as its primary AI platform for model sourcing under a new multi-year agreement. The spokesperson added that Perplexity has not shifted spending away from Amazon Web Services, the startup’s main cloud provider, as part of the Microsoft deal. #AI #perplexity #microsoft #indianstartupnews”

AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services,…