Peak XV takes startups on a Silicon Valley trip in AI push

Date:

Share post:


Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon Valley this week to meet several industry titans, the latest in the venture firm’s broadening offerings and networking flex.

About 60 founders, many backed by Peak XV’s powerfully influential program Surge, will join partners from the firm on the trip to meet industry leaders and visit AI research centers, according to a participant briefed on the matter.

The week includes strategy sessions with executives from OpenAI and Nvidia as well as Sequoia partner Doug Leone, and talks from seasoned operators like Uniphore chief Umesh Sachdev and DoorDash advisor Gokul Rajaram, according to an email the firm sent to portfolio startups seen by TechCrunch.

The program, internally dubbed “Immersion Week,” is the latest peek at Peak XV’s broadening roster beyond writing checks as competition intensifies among venture investors seeking access to the most promising AI startups globally.

India, one of the largest startup ecosystems, currently lacks the depth in deeptech and AI startups. Very few players in India are attempting to build foundational large language models. Sarvam AI, one such startup, announced a $41 million funding late last year led by Peak XV and Lightspeed India and scored a partnership with Microsoft last week.

Investors say that many existing startups in India are strategizing on what new capabilities to build and in finding customers overseas — and that’s where a trip like ‘Immersion’ can prove beneficial.

Peak XV has taken an aggressive approach since its split last year, rapidly building out its bench strength and networking capabilities across geographies.

Peak XV didn’t immediately respond to a request for comment Monday morning. But in the email to portfolio companies over the weekend, Peak XV told founders the trip would “focus on building world-class products” and gaining “a glimpse into the AI world.”

Peak XV Managing Directors Shailendra Singh, Rajan Anandan, Harshjit Sethi, Ashish Agrawal, and Surge Partner Pieter Kemps are among those hosting the week, according to the person briefed on the matter.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Elon Musk sues OpenAI and Sam Altman over ‘betrayal’ of non-profit AI mission

Elon Musk sued OpenAI, its co-founders Sam Altman and Greg Brockman and affiliated entities on Thursday, alleging...

Facebook plans to shut down its news tab in the U.S. and Australia

Meta is trying to distance itself from news media-related regulations and payment complexities as it is planning...

Google to remove some Indian apps over Play Store fees violation

Google has warned it will begin removing apps in India from its Play Store if developers do...

Intuitive Machines’ first moon lander also broke ground with safer, cheaper rocket-style propulsion

Intuitive Machines’ first lunar lander officially lost power today after spending seven days on the moon. The...

Lordstown Motors charged with misleading investors about the sales potential of its EV pickup

The Securities and Exchange Commission has charged bankrupt Lordstown Motors with misleading investors about the sales prospects...

A minor league baseball team trolls Disney with its ‘Steamboat Willie’ jerseys

I’ve seen enough: The prize for the best use of public domain Mickey Mouse goes to the...

Fisker is laying off 15% of staff and says it needs more cash ahead of a “difficult year”

Electric vehicle startup Fisker is planning to lay off 15% of its workforce and says it likely...

A leaky database spilled 2FA codes for the world’s tech giants

A technology company that routes millions of SMS text messages across the world has secured an exposed...