Peak XV Partners
Peak XV (formerly Sequoia Capital India & SEA) is a leading venture capital and growth investing firm investing across India, Southeast Asia and beyond.
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Indian voice AI company Ringg secures $10 million in follow-on investment from Peak XV
According to TechCrunch, Indian enterprise voice AI startup Ringg announced it has secured a $10 million investment from Peak XV Partners as an extension of its Series A funding round; the company previously closed a $5.5 million Series A earlier this year, bringing its total funding to $15.5 million. Initially founded on text-to-speech technology, Ringg is now pivoting to provide AI agent services for businesses, with clients including Cred, Flipkart, Practo, Groww, and PolicyBazaar. Its voice AI platform has been integrated into approximately 1,200 clinics across Practo, facilitating patient appointments and post-consultation follow-ups.
AI Code Verification Startup Blacksmith Closes $45 Million Series B Round, Led by Peak XV Partners
According to TechCrunch, AI code verification startup Blacksmith announced the completion of a $45 million Series B funding round, led by Peak XV Partners, with participation from GV and Y Combinator, valuing the company at $550 million.
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Discovered Materials Completes $9 Million Seed Round, Backed by Peak XV Partners and Others
: Discovered Materials announced the completion of a $9 million seed funding round, with participation from Lightspeed India Partners, Peak XV Partners, and several angel investors. The company combines AI agents with physical models to screen new heat-dissipating materials for chips at scale, targeting the high heat generation and high energy consumption challenges of AI chips in data centers. Reports indicate that AI can improve the efficiency of candidate material generation, but commercialization in this field remains constrained by factors such as material screening, synthesis validation, and manufacturing feasibility. (TechCrunch)
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