Trilegal advised Axonwise (Sarvam AI) and its founders on its latest fundraise at a USD 300 million valuation through the issuance of Series B compulsorily convertible preference shares. The series B round is being led by HCL Technologies and Bessemer Ventures Partners, with participation from existing investors Peak XV and Khosla Ventures. Cyril Amarchand Mangaldas and Talwar Thakore & Associates have advised Bessemer Venture Partners and HCL Technologies respectively on this transaction.
Sarvam builds across the AI stack – training and inference infrastructure, frontier model research, and a go-to-market motion spanning enterprises, developers, and government.
The investment will fund Sarvam’s continued research on training its next frontier model for agentic, coding, and cybersecurity use-cases, as well as access to compute at scale to expand its forward-deployed motion across key verticals.
The Trilegal team advising on the matter was led by TMT partners Rahul Matthan and Nikhil Narendran, corporate partner Rahil Pereira, competition partner Gauri Chhabra and TMT partner Thomas J Vallieneth, and supported by counsels Ishika Goon, Anjana Ravi and Madhav Tampi and associates Shourya Pratap Singh Tomar, Dia Shetty, Muhammed Ijaz, Sarashika Eakambaram, Santosh S and Adithi Holla.
TT&A transaction team included partners Gautam Saha and Punita Gupta, managing associate Aditi Somani, senior associate Sajjan Singh and associate Megha Rana. The competition team included partner Sonam Mathur, managing associate Shubhang Joshi, senior associate Samriddha Gooptu and associate Shashank Mehrotra.
CAM’s deal team was led by partner Krithika Chandrasekaran, with assistance from senior associate Jayant Belgaumkar, and associates Manav, Tara Ranade and Abhisek Behera. The TMT Team led by partner – (co-head – digital | TMT) Arun Prabhu, and partner Arpita Sengupta with assistance from senior associate Nidhi Jhawar and associate Shivaram Gopal assisted the transaction team in the intellectual property, AI and data protection aspects of the transaction.
The competition team led by partner (head – competition) Avaantika Kakkar, and partner Dhruv Rajain, with assistance from principal associate Rajat Sharma, and senior associate Vanya Agarwal advised the client on competition law compliance aspects.
