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Foundation Models

Sarvam AI Raises Investment From IndiGo Ventures to Expand Enterprise AI

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sarvam

India’s sovereign artificial intelligence ecosystem is gaining another high-profile corporate backer. Sarvam AI, the Bengaluru-based AI startup developing foundation models for Indian languages and enterprise applications, has secured a strategic investment from IndiGo Ventures, the corporate venture capital arm of IndiGo. The investment forms part of Sarvam AI’s ongoing Series B funding round and builds … Read more

EXL to Acquire iMerit in $310 Million Deal

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EXL to acquire iMerit Technology

Artificial intelligence is rapidly moving from experimentation to enterprise-wide deployment, and organizations are increasingly seeking partners capable of building trustworthy, domain-specific AI solutions. In one of the biggest AI-focused acquisitions of the year, EXL (NASDAQ: EXLS) has announced a definitive agreement to acquire AI model training and reinforcement learning specialist iMerit in a transaction valued … Read more