New Delhi: Investment firm Peak XV, as part of its rapid scale-up initiative known as Surge, unveiled its ninth cohort of early-stage startups specialising in deeptech, artificial intelligence (AI), and other promising fields. “Surge 09,” the name of this new cohort, brings together 32 founders hailing from 13 different startups. It includes two startups from Australia in addition to seven from India and four from South-East Asia.
This launch is the first cohort to emerge since Peak XV’s rebranding from Sequoia India & Southeast Asia. The venture capital firm has also expanded its reach into the Asia-Pacific region, incorporating Australian startups into the program, they said in a statement. Peak XV expressed their enthusiasm for this expansion, citing the abundance of talent in AI and deeptech fields across Asia.
Rajan Anandan, Managing Director of Peak XV and Surge said, “As we kick start new company-building journeys with our ‘Surge 09’ founders, it is clear that we are witnessing the incredible growth of AI and deeptech innovation, as well as the abundant talent in these sectors emerging from Asia.”
Mindgrove and InCore, who are currently pioneering the semiconductor industry in India, have the potential to contribute to the country’s ambition to become a global semiconductor hub. Mindgrove recently achieved the distinction of being the first Indian firm to join Imagination’s Open Access program.
Newtrace is on a mission to revolutionise the global green hydrogen market by manufacturing cost-efficient, next-gen electrolysers that can be deployed globally at a record pace.
Ethereal Machines is enabling the production of high-quality precision engineering components through its proprietary multi-axis CNC machines, while ZeroK is an AI platform designed to help developers troubleshoot production incidents swiftly.
Elivaas is reimagining the travel industry in India, offering alternative accommodations, vacation rentals, and villas. Relevance AI of Australia is a machine learning (ML) startup dedicated to helping companies automate workflows with no code, essentially building an AI workforce.
Mercu, an employee engagement platform, is focused on empowering deskless workers, accounting for at least 70 percent of the global workforce.
In Singapore, Pix.ai is committed to assisting creators in producing high-quality Anime art through an AI-powered art generator. Horizon Quantum Computing is contributing to the development of software tools that unlock the potential of quantum computing hardware.
Neurowyzr, an FDA-registered healthtech company, specialises in advanced technologies to mitigate early brain decline. Lastly, Dozer is an open-source data infrastructure platform that facilitates the creation of highly scalable, real-time data APIs in just minutes for data scientists and engineers.
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