Peak XV, the enterprise capital agency that break up from Sequoia Capital final 12 months, is taking its portfolio corporations from India, Southeast Asia and Australia on an “immersion” journey to Silicon Valley this week to satisfy 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 part of companions from the agency on the journey to satisfy business leaders and go to AI analysis facilities, in response to a participant briefed on the matter.
The week contains technique classes with executives from OpenAI and Nvidia in addition to Sequoia companion Doug Leone, and talks from seasoned operators like Uniphore chief Umesh Sachdev and DoorDash advisor Gokul Rajaram, in response to an electronic mail the agency despatched to portfolio startups seen by Information World.
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 searching for entry to probably the most promising AI startups globally.
India, one of many largest startup ecosystems, at present 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, introduced a $41 million funding late final 12 months led by Peak XV and Lightspeed India and scored a partnership with Microsoft final week.
Traders say that many present 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 12 months, 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 electronic mail to portfolio corporations over the weekend, Peak XV informed founders the journey would “concentrate on 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 particular person briefed on the matter.