Fabless semiconductor startup Vervesemi on Wednesday announced that it has raised $10 million in a Series A funding round led by Ashish Kacholia and Unicorn India Ventures.
The round also included participation from Roots Ventures, Caperize Fina, and MAIQ Growth Scheme, the Noida-based company said in a statement.
The funds will be used across three main areas. Vervesemi plans to advance the commercialisation of its machine learning-enabled analog signal chain IC portfolio, including data converters and power and sensing solutions for industrial, smart energy, motor control, and avionics applications. It will also support chips currently in production and qualification while expanding its engineering and applications teams to serve global customers.
In addition, part of the investment will go towards strengthening the company’s IP portfolio and research and development in precision analog architectures.
The company also intends to use the capital to expand its go-to-market presence in Asia, the US, and other semiconductor markets, and to deepen engagement with OEMs and system companies.
“The round was multiple times oversubscribed, and the backing of Ashish Kacholia, Unicorn India Ventures, and other distinguished investors reinforces our conviction that world-class semiconductor innovation can originate from India. This funding allows us to move from technology validation to large-scale deployment, positioning Vervesemi as a global supplier of intelligent analog and mixed-signal semiconductor solutions,” said Rakesh Malik, co-founder & CEO, Vervesemi.
Vervesemi Microelectronics is a fabless semiconductor company specialising in analog and mixed-signal IP and differentiated integrated circuits for global markets. Founded in 2017, the company claims to have developed over 140 semiconductor IP blocks and 25 IC product variants serving space, defence, industrial, motor control, and smart energy applications.
