New Delhi, April 28 -- Bengaluru-headquarteredPeakXV Partners has made a clutch of investmentsover the past 12 months in a handful of seed and early-stage US funds, varying in size between $1 million and $10 million, a person with knowledge of the development said on condition of anonymity. The names of the funds could not be ascertained.

The move is part of the venture capital (VC) firm's broader strategy to deepen its network and identify early trends on artificial intelligence (AI) where the US is the market leader, the person cited above said.

To be sure, PeakXV (pronounced Peak 15) has also made direct investments in AI-related companies in the US market in the past two years since it separated with Sequoia Capital. Recent American...