Cognizant In Talks To Invest In Sarvam At $3.5 Bn To $4 Bn Valuation: Report

by · Inc42

SUMMARY

  • Cognizant is reportedly in talks to invest in Sarvam AI as part of a proposed $300 Mn fundraise at a $3.5-4 Bn valuation
  • The investment could make Cognizant the second IT services major on Sarvam’s cap table after HCLTech, as IT companies seek to strengthen their AI capabilities
  • Sarvam raised $234 Mn in the first close of its $300 Mn Series B in June at a $1.5 Bn valuation, with HCLTech investing $150 Mn