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Fabless semiconductor startup Vervesemi raises $10 Mn in Series A round

EntrackrEntrackr · 3h ago
Fabless semiconductor startup Vervesemi raises $10 Mn in Series A round
Medial

Fabless semiconductor startup Vervesemi has raised $10 million in a Series A funding round co-led by Ashish Kacholia and Unicorn India Ventures. The round also saw participation from Roots Ventures, Caperize Fina, and MAIQ Growth Scheme. The fresh capital will be used to accelerate the commercialization of its machine learning–enhanced analog signal chain IC portfolio, expand its IP portfolio, strengthen R&D capabilities, and build a go-to-market presence across Asia, the US, and other key semiconductor markets, Vervesemi said in a press release. Co-founded in 2017 by Rakesh Malik and Pratap Narayan Singh, Vervesemi Microelectronics is a fabless semiconductor company focused on high-performance analog and mixed-signal IP and differentiated integrated circuits for global markets. The startup leverages proprietary machine learning–enabled architectures to improve reliability, yield, and system-level performance in mission-critical environments. Over the past year, the company said it has made significant progress in technology maturation and commercial readiness. It has validated its ML-enabled analog signal chain architecture in silicon, with multiple customers entering production, while also expanding its product pipeline and customer engagement across industrial and smart energy segments. Vervesemi has also launched a new motor control product line for high-efficiency and high-reliability applications in electric vehicles, drones, and industrial automation. These solutions integrate precision sensing, control intelligence, and enhanced fault detection to improve performance and safety. Additionally, the startup has strengthened partnerships with fabrication, packaging, and testing players to support scalable production and faster silicon validation cycles. Vervesemi claims to have developed over 140 semiconductor IP blocks and 25 IC product variants serving space, defence, industrial, motor control, and smart energy applications. Its portfolio is backed by 10 patents and five trade secrets. The company is an IP alliance partner within the Samsung Advanced Foundry Ecosystem (SAFE) and also a UMC IP alliance partner.

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Mindgrove raises $8 Mn in Series A funding round

EntrackrEntrackr · 1y ago
Mindgrove raises $8 Mn in Series A funding round
Medial

Mindgrove Technologies, a fabless semiconductor design startup, has raised $8 million in a Series A funding round co-led by Rocketship.vc and Speciale Invest. The round also witnessed participation from Mela Ventures and existing investors Peak XV Partners, Nishchay Goel, Whiteboard Capital, and Anshul Goel. The Chennai-based startup had previously secured $2.325 million in seed funding from Peak XV Partners (formerly Sequoia Capital India & SEA), Speciale Invest, and Whiteboard Capital back in early 2023. The proceeds will be utilized to expand its workforce, enhance its in-house engineering capabilities, and accelerate production and sales of the first chip, Mindgrove said in a press release. Co-founded in 2021 by Sharan Jagathrakshakan and T.R. Shashwath, Mindgrove is incubated by IITM Pravartak Technologies Foundation and IIT Madras Incubation Cell. The company designs high-performance SoCs with advanced features at competitive prices for the Indian and global markets. According to Mindgrove, it has launched “Secure IoT,” a commercial-grade high-performance microcontroller SoC (System-on-Chip) taped out at 28nm. Designed for electronic devices that are transforming into “smart” connected devices like watches, meters, locks, and access control units, as well as for powering devices like printers and PoS machines. The chip is on schedule to reach the market by mid-2025. Mindgrove has received approval under the Government of India's Semiconductor Design Linked Incentive (DLI) scheme, amounting to Rs 15 crore, for developing a new chip, “Vision SoC,” meant for high-performance edge computing and vision processing applications — CCTV cameras, dashcams, video recorders, ADAS, smart TVs, and more.

Morphing Machines raises $2.76 Mn in seed round

EntrackrEntrackr · 1y ago
Morphing Machines raises $2.76 Mn in seed round
Medial

Fabless semiconductor startup Morphing Machines has raised $2.76 million in its seed round led by Speciale Invest, a seed stage VC investing in deep technologies. The round also saw participation from IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC. The proceeds will be used to ramp up product development and prototyping, expand the engineering team, and support go-to-market initiatives, the company said in a press release. Supported by the Ministry of Electronics & Information Technology (MeitY) under the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S) schemes, Morphing Machines is developing REDEFINE, a many-core processor Soft IP. This processor can handle various applications like data analysis, artificial intelligence, telecommunications, and high-performance computing. By combining functions typically managed by different types of processors, Morphing offers customers better performance and energy efficiency, while also reducing the time and cost needed to bring products to market. Currently, Morphing Machines has a team of over 20 members and is expanding to over 40 members to support design, verification, emulation, and tape-out processes.

SFAL-backed startups breaking barriers, creating cutting-edge products, says IT/BT Minister Priyank Kharge

Economic TimesEconomic Times · 1y ago
SFAL-backed startups breaking barriers, creating cutting-edge products, says IT/BT Minister Priyank Kharge
Medial

Three startups in Bengaluru, India, supported by the Semiconductor Fabless Accelerator Lab (SFAL) have developed innovative technologies in the field of fabless semiconductors. Calligo Technologies has created a semiconductor chip using POSIT technology, which offers improved accuracy and power consumption for various applications. Morphing Machines has developed Redefine, a reconfigurable processor catering to emerging workloads. AB Circuits and Research Labs (ABCRL) have created TireSynapse, an ASIC chip for tire monitoring with integrated Bluetooth. SFAL aims to support fabless semiconductor startups and has so far incubated 43 startups, creating high-skill job opportunities.

10 min food delivery startup Swish raises $14 Mn

EntrackrEntrackr · 11m ago
10 min food delivery startup Swish raises $14 Mn
Medial

Exclusive: 10 min food delivery startup Swish raises $14 Mn Swish, a 10-minute food delivery startup, has secured Rs 122.32 crore in its Series A funding round, led by Hara Global Capital and existing investor Accel India. This follows just three months after its $2 million seed round. The board at Swish has passed a special resolution to issue 4,762 Series A compulsory convertible preference shares at an issue price of Rs 2,56,334 each to raise Rs 112.3 crore or $14 million, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital led the round with Rs 69.56 crore while Accel India invested Rs 52.18 crore. Kunal Shah-led QED innovation, and Gaurav Munjal (CEO of Unacademy) and Sumer Juneja, investment advisor at SoftBank, participated with Rs 20.5 lakhs, Rs 5 and Rs 30.7 lakh respectively. According to Entrackr's estimates, the company has been valued at around Rs 522 crore or $60 million post-allotment. After the new funding round, Hara Global Capital will own 13.33%, while Accel India will hold a 27.24% stake in the company. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja will each retain a 16.38% share following the Series A round. Founded in 2024, Swish’s 10-minute delivery model operates within a 1.5–2 km radius using cloud kitchens called ‘delight centers,’ ensuring fresh and hygienic food is delivered swiftly through its optimized full-stack approach. Swish is competing in the fast-expanding instant food delivery market, where Zomato, Swiggy, and Zepto are leading the charge. Zomato-owned Blinkit has also launched Bistro, a standalone app for instant food delivery. In December, Bhavish Aggarwal-led Ola entered the segment, while emerging players like Magicpin and Zing are gaining traction. The latest entrant to the space is cloud kitchen unicorn Rebel Foods, which has introduced a new app called QuickiES.

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