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Peak XV takes startups on a Silicon Valley trip in AI push
Startup News FYI
·
1y ago
Medial
Venture capital firm Peak XV, which separated from Sequoia Capital last year, is organizing an "immersion" trip for its portfolio companies from India, Southeast Asia, and Australia to Silicon Valley. Around 60 founders, many supported by Peak XV's Surge program, will join partner executives to meet industry leaders, visit AI research centers, and attend strategy sessions with OpenAI, Nvidia, and Sequoia partner Doug Leone. The "Immersion Week" is part of Peak XV's broader efforts to expand its offerings and network as competition grows among venture investors targeting AI startups.
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Peak XV to take 60 founders to Silicon Valley on AI tour: Report
Inshorts
·
1y ago
Medial
Peak XV Partners (formerly Sequoia Capital India & SEA) will take over 60 founders to Silicon Valley in the US for an AI tour, Moneycontrol reported. The trip, scheduled between February 13-16, will host startups including Arintra, Inferless, Relevance AI, InVideo and Mindgrove Technologies. The founders will reportedly visit the NVIDIA campus as part of the trip.
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Indian founders engage with Nvidia in Silicon Valley
Economic Times
·
1y ago
Medial
Indian founders from venture capital fund Peak XV visited Nvidia's campus in Silicon Valley as part of an AI-focused trip. They met Jensen Huang, Nvidia's CEO, and discussed the future of AI. Peak XV described AI as a boardroom topic and a top priority for CEOs worldwide. The immersive week also included sessions with other AI-focused companies like OpenAI and Uniphore. Nvidia recently surpassed Amazon and Alphabet in market capitalization, making headlines globally. The trip aimed to help founders learn from successful operators in the field of AI and build world-class companies.
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Sam Altman, Peak XV fund AI startup founded by two Indian-origin teens
Economic Times
·
1y ago
Medial
Induced, an AI startup founded by two Indian-origin teenagers in Silicon Valley, has raised $2.3 million in a seed funding round. The funding was led by Sam Altman, the CEO of OpenAI, and Peak XV Partners. Induced has developed an AI-powered browser that enables the automation of workflows requiring real-time reasoning or dynamic judgement. The startup was also part of AI Grant's accelerator program for AI startups, and has received backing from several angel investors.
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SoftBank to take Indian startup founders to Silicon Valley for AI tour
Financial Express
·
1y ago
Medial
SoftBank intends to organize a trip to Silicon Valley next month for a delegation of Indian startup founders, focusing on AI. SoftBank has holdings in Indian startups such as Swiggy, Ola, and OYO. According to Sumer Juneja, a SoftBank executive, the aim is to avoid investing in companies that overlook the AI trend and become obsolete in a few years.
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As 2024 begins, Silicon Valley wants you to be optimistic about AI
Gizmodo
·
1y ago
Medial
In Silicon Valley, the tech industry continues to push bizarre and sometimes wasteful products onto consumers. AI is currently the hottest industry, promising new, but sometimes useless or nonsensical products in 2024. From chatbots to AI-generated music, the industry seems to be focused on eliminating human labor and contributing to the erosion of the middle class. Stay tuned for more developments in Silicon Valley this year.
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Decoding the 9th cohort of Peak XV’s Surge
Entrackr
·
1y ago
Medial
Peak XV Partners' Surge has launched its ninth cohort, consisting of 13 startups with a focus on AI and deeptech. The startups cover various sectors including advanced manufacturing, quantum computing, climate tech, and health tech. Seven of the startups are based in India, four in South East Asia, and two in Australia. Notable startups in the cohort include Ethereal Machines, Elivaas, Incore, Mindgrove, Newtrace, and ZeroK. Funding details and valuations of some startups are disclosed, with investments led by Peak XV Partners.
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India needs more AI startups: Peak XV Partners’ Harshjit Sethi
Economic Times
·
8m ago
Medial
The Indian AI startup ecosystem needs more companies building AI solutions not only for India but also for the global market, according to Harshjit Sethi, the managing director at Peak XV Partners. Despite the talent pool in India, many skilled individuals are building AI ventures in the West. Peak XV Partners has invested in AI startups and their accelerator program, Surge, recently selected 14 startups focusing on AI, finance, consumer sectors, and healthcare. While AI tools provide numerous opportunities, challenges remain in organizing data effectively and ensuring proper use of models. Indian family offices have also been investing in AI-focused companies, with investments growing year-on-year.
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Deep tech, AI, Quantum Ventures lead Peak XV Surge’s ninth cohort
Economic Times
·
1y ago
Medial
Surge, Peak XV Partners' scale-up program for early-stage startups, has chosen 13 ventures for its ninth cohort, focusing on deeptech, artificial intelligence, advanced manufacturing, and quantum computing. This is Surge's first cohort since Peak XV Partners was established after the split from Sequoia Capital. Surge has shifted its sectoral mix to more advanced technologies, such as semiconductor companies and AI startups, reflecting the changing ecosystem in India and the broader region. Surge has previously backed over 140 startups, with a total of $2 billion raised post-program.
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Former Y Combinator investor Arnav Sahu joins Peak XV
Economic Times
·
26d ago
Medial
Arnav Sahu has joined Peak XV as an investment partner after four years at Y Combinator, where he was involved in growth investing. His move to Peak XV, now establishing itself in the US following a Sequoia spin-off, aligns with the venture firm's strategy to target AI investments and foster US collaborations. Sahu, with a history in leading investments and founding startups, will leverage his experience to contribute to Peak XV's growth ambitions.
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We should go beyond B'luru, build our Silicon Valley of India: Piyush Goyal
Inshorts
·
10m ago
Medial
Union Minister Piyush Goyal said India should aspire to go beyond and create its own 'Silicon Valley of India'. Speaking at an event on Tuesday, Goyal added, "I know Bengaluru does take pride in being the Silicon Valley of India, but it is time now to think about creating a whole new township dedicated to entrepreneurs, startups, innovators and disruptors."
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