Indian Semicon Startup InCore Secures $3 Mn Seed Fund

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The Chennai-based startup was launched in 2018 to enable customers with turnkey processor IP solutions for automotive, industrial automation, and general electronics

India-based fabless-semiconductor startup, InCore Semiconductors recently raised $3 million in its seed funding round led by Sequoia Capital India. Focused on building class-leading RISC-V-based processor solutions, the company plans to utilize the newly-raised fund to accentuate its portfolio of Core-Hub generators and reference SoC (System-on-Chip) platforms aimed at multiple segments of the embedded chips space. The Chennai-based startup was launched by G S Madhusudan, Neel Gala, Gautam Doshi and Arjun Menon in 2018 and offers the AEON, AEGIS, and AXON classes of IPs, among others.

As per the startup’s CEO, G S Madhusudan, InCore’s RISC-V processors are not just designed for India but for the world. He commented on the occasion, “With a scalable, configurable, and extensible methodology, InCore’s RISC-V processor IP solutions can cater to a wide range of applications, including embedded systems, IoT devices, and industrial controllers. By offering world-class RISC-V processors, InCore is contributing to the global semiconductor industry and making India a key player in this highly competitive market.”

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This 2018-born startup claims to enable its customers with turnkey processor IP solutions for strategic industrial segments like automotive, industrial automation, and general electronics. It is learnt that InCore has designed highly parameterized and configurable Core-Hub Generators, which facilitate the creation of RISC-V compatible solutions.

In a press release, the company noted that by joining hands with its partner network, it is pioneering a series of RISC-V platforms – InSoCs – for distinct embedded verticals. These platforms, stated InCore, align with the Indian government’s current initiatives, promoting and nurturing OEM/ODM-like entities under its Indian Semiconductor Mission.

MD of Sequoia India, Mohit Bhatnagar stated, “Indian chip design companies have a unique opportunity to set global benchmarks for reliability and performance to serve the burgeoning demand in domestic as well as export markets. With 20% of the global semiconductor engineers from India, we have a right to win this global opportunity. Incore’s team has sowed the seeds of India’s dream for indigenous processors with Project Shakti at IIT Madras and are well-renowned experts in the R&D and industrial corridors. It is rare to come by a team of this calibre going after such an audacious mission. We are excited to partner with them on this journey.”


 

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