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Kerala-based Semiconductor startup Netrasemi has raised Rs 107 crore ($12.5 million) in Series A funding round co-led by Zoho Corporations and Unicorn India Ventures.
The company had previously raised Rs 10 crore in pre Series A round from Unicorn India Ventures and 8.3 crore in earlier seed rounds.
The proceeds will be allocated towards accelerating research and development initiatives, expanding manufacturing capabilities, enhancing marketing efforts, and addressing compute platform requirements of original equipment manufactures (OEMs), Netrasemi said in a press release.
Co-founded in 2020 by Jyothis Indirabhai, Sreejith Varma and Deepa Geetha, Netrasemi focuses on developing system-on-chips (SoCs) that enable optimal computing for smart IoT products, particularly for addressing complex workloads like video processing.
According to Netrasemi, the chips are designed to perform advanced AI-based analytics directly on devices, eliminating the need to send data to servers or the cloud. This capability is powered by Netrasemi's energy-efficient deep-neural AI acceleration core (NPU) and comprehensive portfolio of in-house silicon intellectual properties.
In the last 12 months, the company has completed development of two Edge-AI chips with advanced video capabilities, initiated development of CCTV AI camera chip for Indian market, established partner agreements for evaluation boards and platform development, signed multiple MOUs with global partners for sample release and product R&D.
Netrasemi claims to have successfully completed development of two SoC products currently in the tapeout stage targeting TSMC's 12nm technology node. In the next 12-18 months, the company aims to complete full mask production of all three SoC families and initiate R&D for next-generation ultra-high performance SoC potentially addressing edge-servers and smart NVR compute requirements.