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Semiconductor company Mindgrove launches India’s first commercial MCU chip

Economic TimesEconomic Times · 1y ago
Semiconductor company Mindgrove launches India’s first commercial MCU chip
Medial

Fabless semiconductor startup Mindgrove Technologies has launched Secure IoT, claimed to be India's first commercial high-performance system on chip (SoC) for IoT devices. The chip is expected to cost 30% less than similar options in the market. Mindgrove, supported by IITM Pravartak Technologies Foundation and incubated in the IIT-Madras Incubation Cell, aims to reduce the cost of devices for local companies without compromising on features. The Secure IoT chip offers programmability, flexibility, security, and superior computing power for various connected smart devices, including wearables, smart city devices, smart home devices, EV battery management systems, and control systems. Mindgrove will also provide design support to Indian brands.

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.

Semiconductor startup Sensesemi raises Rs 25 Cr led by Piper Serica

EntrackrEntrackr · 11d ago
Semiconductor startup Sensesemi raises Rs 25 Cr led by Piper Serica
Medial

Semiconductor startup Sensesemi raises Rs 25 Cr led by Piper Serica Fabless semiconductor startup Sensesemi Technologies has raised Rs 25 crore (approximately $2.75 million) in a seed funding round led by Piper Serica, with participation from LetsVenture Angel Fund, Sun Icon Ventures, MyAsiaVC, Whitepine Investments, Jain Oncor, REAN Foundation, Niraj Shah, Deepak Khanna, and others. The proceeds will be used to advance product development, including chip tape-outs and reference design creation, expand its engineering team, and build strategic partnerships with device manufacturers and ODMs, Sensesemi said in a press release. Co-founded in 2014 by Vijay Muktamath and Namit Varma, Sensesemi Technologies is a DLI-approved fabless semiconductor company building integrated edge-AI silicon for industrial IoT, automotive, and medical device applications. The company designs ultra-low-power system-on-chips that combine AI inferencing, wireless connectivity, and precision analog signal processing on a single platform, enabling intelligent, secure, and energy-efficient edge devices. According to the Bengaluru-based company, it focuses on owning core chip design IP and developing next-generation silicon solutions that support long battery life, real-time on-device intelligence, and scalable deployment across global markets, addressing the growing demand for high-performance edge processing. Sensesemi stated that it is developing an analog AI inference processor to further reduce power consumption in battery-operated and implantable devices. Analog-domain AI inferencing allows the company to achieve significant improvements in power efficiency, enabling multi-year battery life without sacrificing intelligence or reliability. As per market research, the global edge-AI chipset market is projected to reach an annual volume of 5–7 billion units by 2030. Sensesemi’s integrated edge-AI chips are designed for a broad range of applications across several high-growth sectors, including industrial IoT (predictive maintenance, vision-based quality checks, and environmental monitoring), automotive (multi-sensor ADAS, driver monitoring, and predictive diagnostics), and medical devices (cardiac monitoring, neurostimulation, and smart drug delivery solutions). The company competes with other notable players in this space such as Netrasemi, Hrdwyr, Edgecortix, and Blumind, among others.

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