Peak XV Partners launches Surge 12 with $50 million for 18 startups

Peak XV Partners has launched the twelfth cohort of its Surge accelerator program, investing over $50 million across 18 startups. This cohort marks the first to utilize an increased investment ceiling, raising the limit per company from $3 million to $5 million.

The selected startups represent various sectors, including artificial intelligence, robotics, space, healthcare, fintech, and music. While the cohort includes companies from the United States and Southeast Asia, a significant portion is based in India, with seven startups hailing from the Indian market.

Notable participants include August AI, a healthcare platform serving 9 million users, and Ditto, an AI-based dating platform. Other companies mentioned include Alma, a personal computing platform, and Puralink, which develops autonomous robots for underground pipeline networks. Three startups in the cohort are currently operating in stealth mode, focusing on education, applied AI, and medical products.