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

AI unicorn Sarvam AI is reportedly in talks to raise funds from Nasdaq-listed IT services company Cognizant Technology Solutions as part of a funding round that could value the startup at $3.5 Bn to $4 Bn. The Bengaluru-based startup is seeking around $300 Mn in fresh capital, ET reported, citing sources. The proposed valuation would be more than double the $1.5 Bn valuation it secured in its previous funding round.