Deep tech, AI, Quantum Ventures lead Peak XV Surge’s ninth cohort
Peak XV Partners’ scale-up programme for early-stage startups, has selected 13 ventures with a focus on deeptech, artificial intelligence, advanced manufacturing and quantum computing as part of its ninth cohort.
This is the first cohort of Surge since Peak XV Partners came into existence after the split of erstwhile Sequoia Capital.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisit“We’ve kept our cohorts small… We want to focus on the absolute best founders that we can partner with in markets that are super interesting,” Rajan Anandan, managing director of Peak XV Partners, told ET.
For Surge, which has backed early-stage ventures from India, Singapore and Australia, the broader sectoral mix has shifted to more advanced technologies from segments such as consumer brands, vertical ecommerce and metaverse.
“What’s changed (with Surge over the years) is the nature of the companies,” Anandan said. “That’s really a reflection of what happens in the ecosystem. India is now beginning to see the emergence of Indian semiconductor companies. We have two of those in our cohort,” he said.
Surge has backed semiconductor startups InCore and Mindgrove in its latest unit.
Anandan also emphasised on the increased number of AI startups coming up.
“The ecosystem is changing… We have 20 AI companies in Surge,” he said. “In the last cohort we had three AI startups and in this cohort, we have four or five… We are at that phase where we are seeing AI and deeptech becoming a significant part
