Nasdaq-listed software services company Cognizant Technology Solutions is in talks to participate in Sarvam’s latest financing round, which is expected to value the Indian artificial intelligence startup at $3.5-4 billion – more than double the valuation in its previous round – people aware of the matter said.Sarvam is seeking to raise around $300 million in fresh funds, as ET reported on October 13.“Cognizant may end up acquiring a small stake
Business NewsTechStartupsCognizant in talks to invest in Indian AI startup Sarvam valuing it at $3.5-4 billion: sources
Cognizant in talks to invest in Indian AI startup Sarvam valuing it at $3.5-4 billion: sources
Synopsis
Cognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the future of the IT services industry. AI agents are increasingly capable of automating tasks across software development, application maintenance and back-office operations, potentially disrupting traditional outsourcing models.
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