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Peak XV to take 60 founders to Silicon Valley on AI tour: Report

Inshorts · 1y ago

Peak XV to take 60 founders to Silicon Valley on AI tour: Report

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.

Related News

SoftBank plans AI tour for founders to boost technology adoption

Economic Times

Economic Times · 2y ago

SoftBank plans AI tour for founders to boost technology adoption

SoftBank Group plans to take a group of Indian startup founders to Silicon Valley on an artificial intelligence (AI) tour. The Japanese investor is helping its portfolio companies adopt AI technology, setting up meetings for founders with leading players in the field. The tour aims to infuse SoftBank's Indian startups with AI capabilities. The company recognizes the importance of AI adoption for business efficiency and relevance, especially in sectors like software-as-a-service. SoftBank's extensive portfolio includes companies like Oyo Hotels, Ola, and Swiggy. The tour aims to ensure these startups don't miss out on the AI wave.

Peak XV takes startups on a Silicon Valley trip in AI push

Startup News FYI

Startup News FYI · 1y ago

Peak XV takes startups on a Silicon Valley trip in AI push

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.

Indian founders engage with Nvidia in Silicon Valley

Economic Times

Economic Times · 1y ago

Indian founders engage with Nvidia in Silicon Valley

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.

Peak XV takes startups on a Silicon Valley trip in AI push | TechCrunch

TechCrunch · 1y ago

Peak XV takes startups on a Silicon Valley trip in AI push | TechCrunch

Venture capital firm Peak XV, which split from Sequoia Capital in 2020, is taking its portfolio companies from India, Southeast Asia, and Australia on an "immersion" trip to Silicon Valley. The trip aims to provide networking opportunities and business insights for the founders, with meetings scheduled with industry leaders from AI research centers, OpenAI, NVIDIA, and Sequoia Capital, among others. This move comes as Peak XV expands its offerings beyond funding and aims to strengthen its presence in the AI startup ecosystem.

Sam Altman, Peak XV fund AI startup founded by two Indian-origin teens

Economic Times

Economic Times · 1y ago

Sam Altman, Peak XV fund AI startup founded by two Indian-origin teens

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.

We should go beyond B'luru, build our Silicon Valley of India: Piyush Goyal

Inshorts · 11m ago

We should go beyond B'luru, build our Silicon Valley of India: Piyush Goyal

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."

Peak XV slashes fund size, cuts fees on some growth funds

Livemint

Livemint · 11m ago

Peak XV slashes fund size, cuts fees on some growth funds

- Peak XV Partners, formerly part of Sequoia Capital, plans to reduce its $2.85 billion growth fund by 16%, or $465 million, in a move to take a more measured approach to investments. - The growth fund, raised in 2022, will now hold approximately $2.39 billion. - Peak XV will tie part of its carried interest to the distribution of profits in its growth and multi-stage funds, while seed and venture fund economics will remain unchanged. - The decision reflects the lack of high-quality investment opportunities in the current market, particularly from companies that raised capital at inflated valuations during the pandemic. - Peak XV is also reducing its management fees to 2% on three growth and four multi-stage funds, and cutting its carried interest to 20% to better align with the interests of its founders and limited partners.

SoftBank to take Indian startup founders to Silicon Valley for AI tour

Financial Express

Financial Express · 2y ago

SoftBank to take Indian startup founders to Silicon Valley for AI tour

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.

Peak XV launches third edition of fellowship programme with 16 women founders

Livemint

Livemint · 1y ago

Peak XV launches third edition of fellowship programme with 16 women founders

Venture capital firm Peak XV, formerly known as Sequoia Capital, has launched the third edition of its fellowship programme, Spark, with a cohort of 16 women founders across 14 companies. The four-month programme offers a $100,000 equity-free grant and various perks, including cloud credits and mentorship. The startup founders include those in healthcare, AI solutions, SaaS, and consumer businesses. Peak XV has managed over $9bn in capital across 13 funds, invested in over 400 companies, and has seen 20 IPOs and multiple M&As in its portfolio.

‘We are defined by the choices we make…’: Peak XV downsizes growth fund in India by 16%

Business Today

Business Today · 11m ago

‘We are defined by the choices we make…’: Peak XV downsizes growth fund in India by 16%

- Peak XV Partners, formerly known as Sequoia Capital India, is downsizing its fund in India by 16% after achieving $1 billion in exits this year. - Despite the downsizing, Peak XV remains strongly committed to investing in India and South East Asia. - The venture capital firm is making strategic changes to better serve its multi-decade time horizon. - Peak XV is focusing on measured investments in its growth fund while maintaining its support for seed and venture stage opportunities. - The decision to downsize is intended to benefit the founders and limited partners in the long term. - Peak XV has a successful track record, managing over $9 billion in capital and investing in more than 400 companies across various sectors.

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