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Mindgrove raises $8 Mn in Series A funding round

EntrackrEntrackr ยท 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 โ€œSecure IoT,โ€ a commercial-grade high-performance microcontroller SoC (System-on-Chip) taped out at 28nm. Designed for electronic devices that are transforming into โ€œsmartโ€ 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, โ€œVision SoC,โ€ meant for high-performance edge computing and vision processing applications โ€” CCTV cameras, dashcams, video recorders, ADAS, smart TVs, and more.

Tattvam AI secures $1.7 Mn in pre-seed round led by Seedcamp

EntrackrEntrackr ยท 6h ago
Tattvam AI secures $1.7 Mn in pre-seed round led by Seedcamp
Medial

Tattvam AI, a deeptech startup building AI systems to automate semiconductor chip design, has raised $1.7 million in a pre-seed funding round led by Seedcamp, with participation from EWOR, Entropy Industrial Ventures, Concept Ventures, and semiconductor angel Stan Boland. The fresh capital will be used to ramp up the engineering team, accelerate research, bring the companyโ€™s first product to market, and expand partnerships with leading chip design teams, Tattvam AI said in a press release. Co-founded last year by Bragadeesh Suresh Babu and Lannan Jiang, Tattvam AI aims to transform semiconductor development by enabling chips to be designed faster and customized for specific applications, improving performance at the system level. The startup is introducing a novel approach to chip design by building an AI system that deeply understands circuit structures and autonomously solves complex design tasks, significantly reducing development cycles. Unlike general-purpose chips designed to handle a wide range of tasks, custom silicon refers to processors optimized for specific workloads such as AI training or inference. These purpose-built chips can deliver up to 100x performance improvements over general-purpose hardware like GPUs for targeted applications, while often consuming less power. According to the company, Tattvam AI is developing a reasoning model that understands circuits from first principles, including constraints, trade-offs, and interdependencies, similar to how a world-class engineer operates but in a fraction of the time. By automating and accelerating the use of EDA tools, the startup aims to cut chip design timelines from years to weeks. Tattvam AI plans to launch its first product in the coming months as it works with partners to accelerate the development of next-generation chips. By automating key parts of the design process, the company aims to make custom silicon more accessible, reduce development costs, and enable rapid iteration on chip designs.

Semiconductor startup optoML raises $1.8 Mn in pre-Series A round

EntrackrEntrackr ยท 11h ago
Semiconductor startup optoML raises $1.8 Mn in pre-Series A round
Medial

Semiconductor startup optoML raises $1.8 Mn in pre-Series A round SOC semiconductor startup optoML has raised $1.8 million in a pre-Series A funding round led by Bluehill.VC and A99. The proceeds will be used to expand hiring and begin work on its next generation of chips following the completion of its 12 nm tapeout with TSMC. Founded by Saravana Maruthamuthu, optoML builds analog-in-memory compute architectures with optical interconnects for AI workloads. The firm claims its patented in-memory compute design delivers up to 50x higher energy efficiency compared to traditional digital accelerators, targeting edge, enterprise, and data centre use cases. The startup has signed an MoU with Kaynes Semiconductor to support assembly and testing once wafers arrive from TSMC. optoML operates as a fabless semiconductor company and focuses on scalable AI System-on-Chip (SoC) platforms built on FinFET nodes. Bluehill.VC focuses on deep-tech investments across semiconductors, defence, energy, and industrial technology.

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