Peak XV Partners, an India and Southeast Asia-focused VC fund, has announced its ninth cohort of Startups for its Surge early-stage program. Out of the 13 startups selected, 10 specialize in AI and deeptech sectors. This comes at a time when there is a growing sentiment that there is a lack of depth in India's AI startup landscape. Surge has emerged as the most influential early-stage investor in India and Southeast Asia and has backed over 140 startups to date, collectively raising over $2 billion in follow-on funding.

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