Peak XV takes startups to Silicon Valley in the AI push
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Peak XV is a venture capital firm that invests in startups. Separation from Sequoia Capital, last year, is taking portfolio companies from India and Southeast Asia to Australia. “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 Surge, a powerfully persuasive programAccording to a participant who was briefed about the matter, will accompany partners from the company on a trip to meet industry leaders, and visit AI research centres.
The week will feature strategy sessions with executives from OpenAI, Nvidia and Sequoia, as well seasoned operators including Uniphore chief Umesh Sackdev and DoorDash advisor Gokul Rajaram. This is according to a TechCrunch-received email from the firm.
The program is internally known as “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, which has one of largest startup ecosystems today, is lacking in depth for deeptech and AI startups. India has very few players who are trying to build large language models. Sarvam AI was one of these startups. A funding of $41 million was announced late last yearLast week, Microsoft announced a partnership between Peak XV India and Lightspeed India.
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 been aggressively building its bench strength, and its networking capabilities across the globe, since its split last January.
Peak XV didn’t immediately respond to a request for comment Monday morning. Peak XV had told portfolio companies that the trip would be a success in an email sent over the weekend. “focus on building world-class products”Gaining “a glimpse into the AI world.”
According to the person who has been briefed, the week will be hosted by Peak XV Managing Director Shailendra Singh and Surge Partners Pieter Kemps.
Original content by Techcrunch.com – “Peak XV Takes Startups on a Silicon Valley Trip in AI Push”
Read the full article here https://techcrunch.com/2024/02/11/peak-xv-takes-startups-on-a-silicon-valley-trip-in-ai-push/