Peak XV Launches 10th 'Surge' Cohort, Focus on AI Innovation in India
By
siliconindia | Friday, 12 July 2024, 12:45 Hrs
Peak XV Partners, a prominent venture capital and growth investing firm, has opened applications for the 10th cohort of its 'Surge' programme aimed at early-stage companies, with a strong focus on AI innovation. The programme is set to commence in October in India, offering selected startups an intensive scale-up opportunity.
Rajan Anandan, Managing Director of Peak XV and Surge, highlighted the firm's commitment to supporting AI startups globally, inviting applications from AI-driven companies seeking seed funding. The application window for this cohort closes on August 15, with the programme culminating in the United States later in October.
The announcement also underscored Peak XV's robust AI portfolio, featuring 28 companies spanning various segments of the AI tech ecosystem. Notable entities include Sarvam.ai and Consequent AI in foundational models, Atlan and RedBrick AI in AI tooling and infrastructure, and Invideo and Pix.ai in consumer and prosumer AI solutions. The portfolio further extends into enterprise AI with companies like Gan.AI, Aampe, and Relevance AI, alongside vertical AI specialists Arintra and Attentive.
Reflecting on the success of Surge's previous cohort, which saw significant participation from startups in advanced manufacturing, quantum computing, climate tech, and health tech, Peak XV continues to drive innovation across diverse sectors through targeted support and investment.
For more details and application guidelines, interested parties can visit Peak XV Partners' official website.
