AI Pushes Peak XV Startups | Tech Crunch

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Peak XV, the venture capital firm spun off 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 at the venture firm. Broadening offerings and networking flex.

About 60 entrepreneurs, supported by Peak XV's powerful impact program Surge, will join partners from the organization on the trip to meet industry leaders and visit AI research centers, said a participant briefed on the matter.

The week will include strategy sessions with Sequoia partner Doug Lyon, along with executives from OpenAI and Nvidia, and talks from veteran operators such as Uniphore chief Umesh Sachdev and DoorDash advisor Gokul Rajaram, according to an email the firm sent to portfolio startups seen by TechCrunch.

Dubbed internally “Immersion Week,” the program is the latest observation in Peak XV's expansive roster of more than just writing checks as competition intensifies among venture investors seeking access to the world's most promising AI startups.

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

Investors say many existing startups in India are strategizing about what new capabilities to build and find overseas customers – and that's where a trip like 'immersion' can be beneficial.

Peak XV, which has $2.5 billion to expand in the region, has taken an aggressive approach since its split last year, rapidly developing its bench strength and networking capabilities across geographies.

Peak XV did not immediately respond to a request for comment Monday morning. But in an email sent to portfolio companies over the weekend, Peak XV told founders the trip would “focus on building world-class products” and get “a glimpse into the world of AI.”

Peak XV managing directors Shailendra Singh, Rajan Anandan, Harshajit Sethi, Ashish Aggarwal, and Surge partner Peter Kemps are among the hosts this week, a person briefed on the matter said.

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