Peak XV, the enterprise capital agency that split from Sequoia Capital last year, is taking its portfolio firms from India, Southeast Asia and Australia on an “immersion” journey to Silicon Valley this week to fulfill a number of business titans, the newest within the enterprise agency’s broadening choices and networking flex.
About 60 founders, many backed by Peak XV’s powerfully influential program Surge, will be a part of companions from the agency on the journey to fulfill business leaders and go to AI analysis facilities, in response to a participant briefed on the matter.
The week consists of technique periods with executives from OpenAI and Nvidia in addition to Sequoia associate Doug Leone, and talks from seasoned operators like Uniphore chief Umesh Sachdev and DoorDash advisor Gokul Rajaram, in response to an e mail the agency despatched to portfolio startups seen by TechCrunch.
This system, internally dubbed “Immersion Week,” is the newest peek at Peak XV’s broadening roster past writing checks as competitors intensifies amongst enterprise traders looking for entry to probably the most promising AI startups globally.
India, one of many largest startup ecosystems, at the moment lacks the depth in deeptech and AI startups. Only a few gamers in India try to construct foundational giant language fashions. 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 final week.
Traders say that many current startups in India are strategizing on what new capabilities to construct and to find prospects abroad — and that’s the place a visit like ‘Immersion’ can show useful.
Peak XV, which has $2.5 billion to deploy within the area, has taken an aggressive strategy since its break up final yr, quickly constructing out its bench power and networking capabilities throughout geographies.
Peak XV didn’t instantly reply to a request for remark Monday morning. However within the e mail to portfolio firms over the weekend, Peak XV advised founders the journey would “give attention to constructing world-class merchandise” and gaining “a glimpse into the AI world.”
Peak XV Managing Administrators Shailendra Singh, Rajan Anandan, Harshjit Sethi, Ashish Agrawal, and Surge Associate Pieter Kemps are amongst these internet hosting the week, in response to the individual briefed on the matter.
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