Cognizant Technology Solutions could take a small stake in Sarvam AI, Inc42 reported, citing ET. Sarvam has also held talks with large domestic enterprises to anchor the funding round.
Sarvam raised $234 million in the first close of its Series B in June 2026 at a $1.5 billion valuation. HCLTech led that round with $150 million, so a Cognizant investment would bring a second major IT services company onto its shareholder register.
Sarvam builds foundational AI models, computing infrastructure and enterprise applications tailored to Indian languages and local requirements. Its recent releases include Sarvam Vision 2.1 for document processing, Saaras V4 for speech recognition and Bulbul V4 Flash for speech generation.
For builders, the talks point to IT services companies seeking a larger role in supplying AI rather than only implementing it. Cognizant has said investments and acquisitions could support a shift towards platforms and customer outcomes rather than billing based on effort.