Read at TechCrunch
Venture capital firm Peak XV, which split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia, and Australia on an "immersion" trip to Silicon Valley. The trip aims to introduce the founders to industry leaders and provide them with the opportunity to visit AI research centers. The program, called "Immersion Week," includes meetings with executives from OpenAI and Nvidia, talks by seasoned operators, and strategy sessions with venture firm partner Doug Leone. Peak XV is broadening its offerings beyond just financial support as it seeks to access the most promising AI startups globally.
About 60 founders, many backed by Peak XV's powerfully influential program Surge, will join partners from the firm on the trip to meet industry leaders and visit AI research centers, according to a participant briefed on the matter.
India, a large startup ecosystem, currently lacks depth in deep tech and AI startups. Peak XV's aggressive approach of building out its bench strength and networking capabilities across geographies comes as competition intensifies among venture investors in the AI space. The trip to Silicon Valley is beneficial for the participating startups as they strategize on what new capabilities to build and explore opportunities with customers overseas.
Investors say that many existing startups in India are strategizing on what new capabilities to build and in finding customers overseas - and that's where a trip like 'Immersion' can prove beneficial.