Sarvam AI, an India-based full-stack AI company, has partnered with the Institute of Chartered Accountants of India (ICAI) to build a large language model (LLM) tailored for chartered accountants (CAs).
According to a Financial Express report, many CAs currently rely on public models such as ChatGPT, Gemini and Claude for audit work, financial statement analysis, tax advisory and compliance, raising data privacy concerns.
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The ICAI’s LLM is intended to create a “domain-specific, sovereign AI platform” offering a secure environment to utilise AI where sensitive information is not shared with public platforms.
ICAI president Prasanna Kumar was quoted by the publication as saying: “The idea is to ensure that any work performed by CAs using the AI model remains within the institute’s ecosystem and does not leave the platform.”
According to an ICAI statement, the collaboration with Sarvam AI spans AI training, capacity building, the creation of AI-centric learning material for ICAI members, joint research, professional development, seminars and workshops.
In parallel, the ICAI is also exploring partnerships with OpenAI and Microsoft to deepen AI training for its members, the Financial Express added.
The signing of the partnership agreement follows Sarvam’s recent fundraising.
Earlier this month, the company raised $234m (Rs22.1bn) in the first close of its $300m Series B round at a post-money valuation of $1.5bn.
Investors in the round included HCLTech and Bessemer Venture Partners, alongside existing backers Khosla Ventures and Peak XV Partners.
HCLTech anchored the round with $150m of investment. Sarvam plans to use the funds to advance research on its “next frontier model” for agentic, coding and cybersecurity use cases.
