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Semiconductor startup Netrasemi raises Rs 10 Cr in pre-Series A

Entrackr · 8d

Kerala-based semiconductor startup Netrasemi has raised Rs 10 crore in its pre-Series A round from Unicorn India Ventures to build Edge AI for IoT products. The proceeds will be used raised will be used for the fabrication of two ML SoC chips (Netra A2000 and Netra R1000). Founded in 2020 by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha, Netrasemi is an Indian Edge AI semiconductor technology company building system-on-chips (SOC) to enable the new-age need for optimal computing for smart IoT products. The company claims to bring a family of AI/ML capable SOCs and reference designs for solving over 100 AI/ML use cases making Edge AI product development efficient, simple, and economical. These chips go into motherboards that make these products capable of doing advanced AI-based analytics without the need for sending the data to servers and the cloud hence, making them smart, cheap, responsive and independent. In the last 12 months, the company has received encouraging responses from large OEMs across various countries operating in medical, telecom, and industrial segments. According to the company, it has started generating strong revenue growth and profits of around $0.75 million from chip design and porting service for strategy partners, which will grow further in FY25 to 150% with IP revenue and will grow starting FY27 once volume production of chips starts.