Trilegal, Talwar Thakore & Associates (TT&A) and Cyril Amarchand Mangaldas (CAM) advised on Sarvam AI’s Series B funding round, which values the company at US$1.5 billion.

The funding round is being led by HCL Technologies and Bessemer Venture Partners, with participation from existing investors Peak XV and Khosla Ventures.

Sarvam AI, operating through Axonwise Private Limited, is developing a full-stack sovereign AI platform tailored for Indian languages, data and governance requirements. The company builds across the AI stack, including training and inference infrastructure, frontier model research, and enterprise, developer and government-facing applications.

The proceeds from the fundraise will support continued research and development of next-generation frontier models for agentic AI, coding and cybersecurity use cases, as well as access to compute infrastructure at scale.

Trilegal advised Axonwise Private Limited (Sarvam AI) and its founders on the fundraise.

The Trilegal team was led by Partners Rahul Matthan, Nikhil Narendran, Rahil Pereira, Gauri Chhabra and Thomas J. Vallieneth, and supported by Counsels Ishika Goon, Anjana Ravi and Madhav Tampi, and Associates Shourya Pratap Singh Tomar, Dia Shetty, Muhammed Ijaz, Sarashika Eakambaram, Santosh S. And Adithi Holla.

TT&A advised HCL Technologies on its investment in Sarvam AI.

HCL Technologies invested approximately INR 14,272 million for a 10.46% stake in Sarvam AI as part of the Series B funding round.

The TT&A deal team was led by Joint Managing Partner Gautam Saha, and Partner Punita Gupta, with support from Managing Associate Aditi Somani, Senior Associate Sajjan Singh Chouhan, and Associate Megha Rana.

The Competition team comprised Partner Sonam Mathur, Managing Associate Shubhang Joshi, Senior Associate Samriddha Gooptu, and Shashank Mehrotra.

CAM advised Bessemer Venture Partners on its participation in the Series B fundraise.

The CAM deal team was led by Partner Krithika Chandrasekaran, with assistance from Senior Associate Jayant Belgaumkar, and Associates Manav, Tara Ranade and Abhisek Behera.

The TMT team was led by Partner and Co-Head (Digital | TMT) Arun Prabhu, and Partner Arpita Sengupta, with assistance from Senior Associate Nidhi Jhawar, and Associate Shivaram Gopal, advising on intellectual property, AI, and data protection aspects of the transaction.

The Competition team was led by Partner and Head (Competition) Avaantika Kakkar, and Partner Dhruv Rajain, with support from Principal Associate Rajat Sharma, and Senior Associate Vanya Agarwal advising on competition law compliance aspects.