Are you familiar with Peak XV’s latest startup program? Technology and its mastery ensure a promising lifestyle with a lucrative economy and the welfare of society. This decade is a masterpiece regarding technological advancements that boost many industries globally, including healthcare, manufacturing, the environment, and many more.
Artificial Intelligence (AI), Machine Learning (ML), and other innovative technologies pave the path for bringing ease and convenience to these industries. India, a tech aficionado country, comes at the top ranks when discussing innovations and developments in technological fields. With its recent breakthrough in space sciences, India joins the elite club of countries to land on the moon with its Chandaryan 3 mission.
The U.S. and China stay dominant in the tech landscape, as predicted by Web Summit’s Cosgrave. However, the startup firms in India work relentlessly to make their country a technology hub, and Peak XV’s latest startup programme is a living example. Of their several startup companies, AI and deep tech companies are in excess. It reflects the attention India gives to AI and technology.
Related: India Lands Chandrayaan-3 Craft on Moon, Asserting Its Place in Space Tech
Peak XV – Leading Investment Firm
Peak XV (pronounced as Peak Fifteen) is a productive venture capital and growth investment firm operating in various parts of the world. Primarily, Peak XV provides its investing services in India, South East Asia, and Australia. The firm is devoted to bringing innovation in technology and elevating the development of long-lasting businesses, aiming to inspire greatness and excellence.
The story of Peak XV is impressive with its inspiration from Mount Everest, as Peak XV used to be the peak’s name. After rebranding from Sequoia Capital India and SEA, Peak XV has contributed to the business market for over 17 years. The firm partners with various companies to provide capital, which helps startups to stand out in its market.
Peak XV offers several cohorts and community-based programmes, including Surge, Spark, Pathfinders, Guild, and so on. The firm offers its supportive hand to a company from the start till its success. It has succeeded in making over 400 companies and putting 40 of them on a lucrative path of earning over 100 million dollars in revenue.
Peak XV’s Latest Startup Programme – Surge 09 Cohort
Surge is a community-based cohort programme of Peak XV in which the company chooses a few startups and puts them into a 16-week hybrid programme. It helps to transform business ideas into revenue-generating companies, contributing to the country’s economic well-being.
The Surge programme not only assists businesses with venture capital and funding but also offers insightful mentorship to emphasise business building and entrepreneurship. Peak XV has chosen 13 startups for the ninth cohort of the Surge programme, which is also known as Surge 09. The firm works collectively with the founders to make them establish and scale their businesses.
Peak XV has always focused on consumer brands and e-commerce startups in its early cohorts. Given the hype and growth of advanced technologies, the firm has diverted its attention to AI and deep tech. AI, smart solutions to environmental concerns, and quantum computing are a few areas with keen attention from Peak XV in Surge 09.
AI and Deep Tech Startups in Surge 09
Surge 09 cohort, which is Peak XV’s latest startup programme, has 32 founders with 13 startups, focusing on several advanced technological landscapes. The best thing about these startups is their global and cross-border operation, making them the best cohort of the firm. Ranging from young entrepreneurs to academic business-minded people, the Surge 09 offers an excellent environment for company builders.
Peak XV’s mission to uplift the global business market by supporting startups to tackle business problems will come to fruition with this cohort. Since the programme involves founders of diverse industries, it will help thriving industries, such as semiconductor manufacturing, green environment, healthcare, quantum computing, and AI workforce.
Generative AI is transforming businesses with its many applications, including AI chatbots, Electric Vehicle (EV) battery development, and more. The Surge 09 features startups which work to improve generative AI and other advanced technologies. Let’s unravel a few of the 13 startups of Surge 09.
1. AI and Advanced Tech Startups
Relevance AI is an AI-driven startup in Australia which works to redefine the workforce and business operations with modern technologies. Another AI startup, ZeroK, is also onboard for the Surge 09. ZeroK offers AI-based invaluable debugging and troubleshooting services for developers.
PixAI is a Singaporean AI startup that assists creative designers in coming up with aesthetic anime art. Horizon Quantum Computing also made it into the Surge 09 with its high-quality software development tools for quantum computing hardware. Since quantum computing is the future of computing, it can become a lucrative startup. Click here to explore the future of computing.
2. Environmental Startup
Newtrace is a startup which manufactures electrolysers with advanced technologies to promote the global green hydrogen market. Since environmental concerns grow with time, solutions like cost-effective and eco-friendly electrolysers, circular electronic initiatives and others help in environmental conservation.
Read Also: The Circular Electronics Initiative: A Step Towards Global Environmental Conservation
3. Semiconductor Startups
Mindgrove is an Indian startup company with a focus on semiconductor and AI chip manufacturing. Mindgrove has also joined Silicon chip titan Imagination’s Open Access programme, becoming the first Indian startup to be featured in this programme.
InCore is another Indian startup in the semiconductor chip-making industry to join Surge 09. Semiconductor is the need of the hour, considering its immense demand due to AI development and growth globally.
4. Healthcare and Other Startups
Neurowyzr is the startup in Surge 09, which operates to develop top-notch technologies for tackling brain-related concerns. With a mission to revolutionise brain health, Neurowyzr is the best option for the cohort.
Furthermore, Surge 09 also features Elivaas, which focuses on improving travel experiences with advanced technologies. The programme also has Mercu, a deskless hiring service for businesses. Mercu aims to offer a next-generation workforce experience with its state-of-the-art services.