Peak XV seeks AI edge with strategic investments in US

The VC targets $1.4 bn fundraise, strengthening US network with strategic fund investments

- Ranjani Raghavan & Sneha Shah

Bengaluru-headquartered Peak XV Partners has made a clutch of investments over the past 12 months in a handful of seed and early-stage US funds, varying in size between $1 million and $10 million, a person with knowledge of the development said on condition of anonymity. The names of the funds could not be ascertained.

The move is part of the venture capital (VC) firm's broader strategy to deepen its network and identify early trends on artificial intelligence (AI) where the US is the market leader, the person cited above said.

To be sure, Peak XV (pronounced Peak 15) has also made direct investments in AI-related companies in the US market in the past two years since it separated with Sequoia Capital. Recent American investments include Supabase (US-Singapore), Atomicwork (US), Hightouch (US), Luminai (US), Nirmata (US), RapidCanvas (US), among others.

However, the person cited above said that building fund relationships will allow Peak XV to be ahead of the curve on new AI trends and can potentially lead to new introductions with the founders of upcoming firms where the firm might be able to invest in.