Key takeaways
- Vervesemi secures $10 million in Series A funding led by Ashish Kacholia and Unicorn India Ventures.
- Utilize funds to accelerate commercialization of machine learning-enabled analog signal-chain ICs and initiate chip production.
- Expand global market presence in India, the United States, and Asia for intelligent semiconductor solutions.
- Strengthen engineering teams and enhance intellectual property through increased investment in research and development.
- Target key applications including industrial, smart energy, motor control, and avionics with new product offerings.
Fabless semiconductor startup Vervesemi has raised $10 million in a Series A round led by prominent Indian investor Ashish Kacholia and Unicorn India Ventures. The Noida-based company said it will use the capital to scale products, move chips into production, and expand globally.
The round also saw participation from Roots Ventures, Caperize Fina, MAIQ Growth Scheme and several high-net-worth individuals. Vervesemi will deploy the funds to accelerate product commercialisation, initiate silicon chip production, and build its go-to-market presence across India, the United States, and Asia.
Rakesh Malik, Co-founder and CEO, Vervesemi, said, “This funding allows us to move from technology validation to large-scale deployment, positioning Vervesemi as a global supplier of intelligent analog mixed signal semiconductor solutions.”
Vervesemi said it will accelerate the commercialisation of its machine learning-enabled analogue signal-chain IC portfolio. The portfolio includes data converters, sensing solutions and power management chips. These target industrial, smart energy, motor control and avionics applications.
The company will also take existing silicon chips into production and complete product qualification. It plans to scale its engineering and applications teams to support customers. Part of the capital will be allocated to expanding its intellectual property portfolio and strengthening research and development.
Pratap Narayan Singh, Co-founder and CTO, said, “This funding enables us to transition from advanced R&D to scaled market execution.”
Over the past year, the company validated its ML-enabled analogue architecture in silicon. Multiple customers have entered production, and the firm has expanded its product pipeline. Vervesemi now holds over 10 patents and has advanced several programmes into late-stage development and qualification.
The company recently launched a motor control product line for electric vehicles, drones and industrial automation. It has also introduced bridge-sensor interface chips for weight scales, industrial sensing, and smart energy systems.
Moreover, Vervesemi developed an avionics-grade multi-function controller platform for aerospace and defence applications. Several products are undergoing customer evaluation and qualification, and the firm is in design-in discussions with OEMs and system companies.
“Vervesemi has a set of founders with rich experience from leading multinationals and deep domain expertise in analogue and digital processing. This has been validated by order wins from marquee customers, including a leading space organisation for their chip and multiple global customers for their semiconductor IPs,” Kacholia said.
Vervesemi plans to expand its analogue design, mixed-signal, firmware and applications engineering teams. It will also deepen partnerships with fabrication, packaging and testing firms to support volume production.
Anil Joshi, Managing Partner at Unicorn India Ventures, said, “Fabless semiconductor design companies in India are really leading the pack of innovation in the deep tech ecosystem. Vervesemi is a strong proposition for us to invest.”
