Peak XV, the enterprise capital agency that cut up from Sequoia Capital final yr, is taking its portfolio corporations from India, Southeast Asia and Australia on an “immersion” journey to Silicon Valley this week to fulfill a number of trade 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 fulfill trade leaders and go to AI analysis facilities, in accordance with a participant briefed on the matter.
The week contains technique classes 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 accordance with 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 in search of entry to probably the most promising AI startups globally.
India, one of many largest startup ecosystems, presently 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 yr led by Peak XV and Lightspeed India and scored a partnership with Microsoft final week.
Buyers say that many present startups in India are strategizing on what new capabilities to construct and to find clients abroad — and that’s the place a visit like ‘Immersion’ can show helpful.
Peak XV, which has $2.5 billion to deploy within the area, has taken an aggressive strategy since its cut up final yr, quickly constructing out its bench energy 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 corporations over the weekend, Peak XV informed founders the journey would “deal with 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 Companion Pieter Kemps are amongst these internet hosting the week, in accordance with the individual briefed on the matter.