With an ambitious vision to spearhead advancements in the semiconductor industry, Chennai-based start-up InCore Semiconductors, a specialist in fabless-semiconductor technology, has successfully raised $3 million in a seed funding round. The investment, championed by Sequoia Capital India, underscores the company’s growth potential and innovative approach to RISC-V based processor solutions.
Since its inception in 2018, InCore Semiconductors has been a trailblazer in providing turnkey processor IP solutions. Its impact is felt across a spectrum of industrial segments including automotive, industrial automation, and general electronics.
The newly acquired funds will be strategically invested in augmenting InCore’s portfolio of Core-Hub generators and reference SoC (System-on-Chip) platforms. These are targeted at various segments within the embedded chips space, promising a substantial evolution in the sector. RISC-V, an open and royalty-free instruction set architecture (ISA), governed by a neutral Swiss foundation, serves as the backbone of InCore’s technology.
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CEO of InCore Semiconductors, G.S. Madhusudan, emphasizes that their RISC-V processors are not only designed to meet India’s needs but also to cater to global demands. InCore’s scalable, configurable, and extensible processor IP solutions can serve a myriad of applications, spanning from embedded systems and IoT devices to industrial controllers.
Mohit Bhatnagar, MD of Sequoia India, sees a unique global opportunity for Indian chip design companies to establish new standards in reliability and performance. As the world continues to recognize the benefits of customized chips, he expects India’s chip design ecosystem to evolve similarly to how its software industry transitioned from services to products. Bhatnagar notes, “With 20% of the global semiconductor engineers from India, we have a right to win in this global opportunity.”
This article is based on information sourced from the thehindu website.
