Venture capital firm Peak XV has announced the launch of the ninth cohort of its accelerator and incubation programme, Surge, featuring 13 early-stage startups. Seven out of the 13 startups are based in India.
Commenting on the launch, the managing director of Peak XV and Surge, Rajan Anandan, 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.”
With a greater focus on deeptech and AI, the selected startups cover a wide spectrum of industries, including manufacturing, quantum computing, climate tech, and healthtech.
Over 75% of the shortlisted startups in Surge 09 have cross-border operations and ambitious plans for global expansion.
According to Peak XV, Surge’s startup community now boasts more than 330 founders and over 140 startups operating in 16+ sectors. To date, Surge startups have collectively secured over $2 Bn in follow-on funding post-Surge, the VC firm claimed.
As part of the programme, Surge invests $3 Mn in seed capital, providing company-building workshops, a global curriculum, and support from a community of founders.
The venture capitalist manages a portfolio of over $9 Bn in capital across 13 funds and has invested in more than 400 companies in India and Southeast Asia.
Meet The 7 Indian Startups From Peak XV’s Surge 09
Elivaas
Founded In: 2023
Founders: Karan Miglani, Ritwik Khare
Sector: Artificial Intelligence
Elivaas is a tech-driven villa and luxury apartment management platform that allows owners to monetise, monitor, and maintain their vacation homes in India.
Ethereal Machines
Founded In: 2014
Founders: Kaushik Mudda, Navin Jain
Sector: Deeptech
Ethereal Machines is an advanced manufacturing company that produces precision engineering components through its proprietary multi-axis computer numerical control (CNC) machines.
InCore
Founded In: 2018
Founder: Arjun Menon, Gautam Doshi, GS Madhusudan, Neel Gala
Sector: Deeptech
InCore is a fabless semiconductor startup that focusses on building RISC-V-based processor solutions for industries, including industrial automation and consumer electronics.
Mindgrove
Founded In: 2022
Founder: Sharan Srinivas J, Shashwath T R
Sector: Deeptech
Mindgrove designs cost-effective and scalable microprocessor technology in India for the global semiconductor market. The startup designs system-on-chips (SoCs), which are integrated circuits that combine all the elements of an electronic device onto a single chip instead of separate components.
Newtrace
Founded In: 2021
Founder: Prasanta Sarkar and Rochan Sinha
Sector: Climate Tech
Newtrace is a climate tech startup that manufactures innovative electrolyzers to produce green hydrogen efficiently and affordably.
ZeroK
Founded In: 2023
Founder: Mudit Krishna Mathur, Varun Ramamurthy, Samyukktha Thirumeni, Shivam Nagar
Sector: Deeptech
ZeroK is an AI platform that helps developers troubleshoot production incidents faster. ZeroK is an observability copilot that intelligently performs checks to guide developers to root causes faster, reducing downtime.
Stealth
The 7th startup is currently under stealth. It’s an AI platform that helps software teams increase productivity by providing contextual answers for their codebase.
Other Startups From Peak XV’s Surge 09
Dozer
Founded In: 2022
Founders: Matteo Pelati and Vivek Gudapuri
Headquarters: Singapore
Sector: Artificial Intelligence
Dozer is an open-source data infrastructure platform that helps data scientists and engineers build highly scalable, real-time data APIs in minutes.
Horizon Quantum Computing
Founded In: 2018
Founder: Joe Fitzsimons
Headquarters: Singapore
Sector: Deeptech
Horizon Quantum Computing makes software development tools to unlock the potential of quantum computing hardware.
Mercu
Founded In: 2021
Founder: Elliott Gibb and Jascha Zittel
Headquarters: Australia
Sector: Enterprisetech
Mercu is an employee engagement platform for companies to hire, train, and engage with their frontline teams.
Neurowyzr
Founded In: 2019
Founder: Pang Sze Yunn and Navdeep Vij Singh
Headquarters: Singapore
Sector: Healthtech
Neurowyzr is a healthtech company that specialises in developing state-of-the-art technologies to mitigate early brain decline.
Pix.ai
Founded In: 2018
Founder: Alvin Li, Raven Gao, and Veronica Liao
Headquarters: Singapore
Sector: Deeptech
Pix.ai is an AI-powered anime art generator. The platform equips users with a range of tools and character generation templates to create personalised anime art.
Relevance AI
Founded In: 2020
Founder: Daniel Vassilev, Jacky Koh
Headquarters: Australia
Sector: Deeptech
Relevance AI is a machine learning startup on a mission to help companies build an AI workforce that automates workflows with no code.
The post Meet The 7 Indian Startups From Peak XV Surge’s 9th Cohort appeared first on Inc42 Media.
