AI Firms Dominate Peak XV’s Latest Program to Boost Startups
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Venture capital firm Peak XV Partners said the latest batch of its accelerator program are made up mainly of AI and deep tech startups, as global investors jostle to be early in such companies.Peak XV, formerly known as Sequoia Capital India & Southeast Asia, said there are 13 startups in the newest Surge cohort, of which 10 are in the AI and deep tech field. Seven of the startups are from India, four from Southeast Asia, and two from Australia, the fund said Monday. The startups are in diverse areas from advanced manufacturing, quantum computers, climate tech and health tech, and receive as much as $3 million in capital. “If 1999 was the start of the consumer internet era, then 2023 will be the beginning of the AI era,” Shailendra Singh, managing director of Peak XV, said in...