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Peak XV Partners raised its maximum investment in each company under its Surge seed platform from $3 million to $5 million, and invested more than $50 million in a cohort of 18 startups. Thirteen of the companies are targeting global markets, while only five are focused on the Indian market.
Ringg secured $10 million from Peak XV Partners as an extension of its Series A round, bringing the round’s total to $15.5 million. The company is shifting from simple automated calls to executing more complex enterprise tasks through voice, WhatsApp, chat and browsers.
The startup plans to use AI agents and physics models to simulate new materials that could help reduce the heat generated by chips designed for AI workloads. It is betting on licensing future patents to chip manufacturers, although turning these discoveries into commercial products remains a challenge.