In its seed round, deep technology seed fund Speciale Invest led the $2.76 million raised by fabless semiconductor startup Morphing Machines.
IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC were among the other investors in the round.
The company stated in a press release that the money will be utilized to support go-to-market initiatives, grow the engineering team, and accelerate product development and prototyping.
Morphing Machines is working on REDEFINE, a many-core processor Soft IP, with funding from the Ministry of Electronics & Information Technology (MeitY) through the Chips2Startup (C2S) and Design Linked Incentive Scheme (DLI) programs. Applications including data analysis, AI, telecoms, and high-performance computing can all be handled by this processor.
Morphing offers customers improved performance and energy efficiency while cutting down on the time and expense required to bring products to market by combining functions that are typically managed by different types of processors.
To support the design, verification, emulation, and tape-out processes, Morphing Machines currently employs over 20 people and plans to grow to over 40.
