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hcltech
Technology HCLTech to invest Rs 14,257 crore in AI data centre at Odisha Sovereign AI Park, partners with Sarvam
HCLTech announced a Rs 14,257 crore investment to build its first AI data centre at the Odisha Sovereign AI Park, in partnership with AI startup Sarvam and the Odisha government. The project includes financial assistance from the state and aims to strengthen India's sovereign AI ecosystem. Separately, HCLTech will set up a global technology centre in Bhubaneswar employing about 5,000 people, expected to begin operations by 2028.
Technology HCLTech wins $1.1bn AI-led deal with Mercedes for digital workplace transformation
HCLTech has won a $1.1 billion AI-led deal with Mercedes-Benz to establish an AI-driven operating model for the automaker's global digital workplace and enterprise network operations. The agreement runs from July 2026 through December 2031, with an option to extend five more years. Infosys previously handled parts of the engagement.
Technology Sarvam AI Raises $234M Led by HCLTech, Becomes India's Newest Unicorn
Sarvam, a Bengaluru-based AI startup, raised $234 million at a $1.5 billion valuation, led by HCLTech, becoming India's newest AI unicorn. The funding supports sovereign AI development with models tailored for Indian languages, deployed across banking, insurance, government, and defense.