Peak XV, venture capital firm Split from Sequoia Capital last yearThe firm is taking its portfolio companies from India, Southeast Asia and Australia on an “immersive” trip to Silicon Valley this week to meet with several industry giants, the latest effort by the venture capital firm to expand its product and network flexibility.
Approximately 60 founders, many supported by Peak XV The influential show SurgeAccording to a person familiar with the matter, the trip will be carried out with the company’s partners to meet with industry leaders and visit artificial intelligence research centers.
An email from the company to portfolio startups seen by TechCrunch shows that this week included strategy meetings with executives from OpenAI and Nvidia, as well as Sequoia Capital partner Doug Leone, as well as input from Uniphore CEO Umesh Sachdev and Speeches from experienced operators such as DoorDash consultant Gokul Rajaram.
The program, known internally as “Immersion Week,” is the latest glimpse into Peak XV’s growing roster of companies doing more than just writing checks, as competition intensifies among venture investors seeking exposure to the world’s most promising artificial intelligence startups.
India is one of the largest startup ecosystems and currently lacks the depth of deep tech and AI startups. Few players in India have attempted to build basic large-scale language models. Sarvam AI is one such startup, Announced at the end of last year, it raised US$41 million in financing Led by Peak XV and Lightspeed India, it launched a partnership with Microsoft last week.
Investors say many of India’s existing startups are strategizing about what new capabilities to build and how to find overseas customers, and that’s where trips like “immersion” can help.
Peak XV has $2.5 billion deployed in the region, and since its spin-off last year, the company has taken an aggressive approach, rapidly increasing its strength and network capabilities across regions.
Peak XV did not immediately respond to a request for comment Monday morning. But in an email to portfolio companies over the weekend, Peak XV told its founders that the trip would be “focused on building world-class products” and “getting a glimpse of artificial intelligence.” world. “
Peak XV managing director Shailendra Singh, Rajan Anandan, Harshjit Sethi, Ashish Agrawal and Surge partner Pieter Kemps are among the presenters this week, according to people familiar with the matter.