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Indian chip startups get seed funds from Sequoia Capital

May. 15, 2023 – 

By Peter Clarke, eeNews Europe (May 14, 2023)

InCore Semiconductors and Mindgrove Technologies – both based in Chennai, India – have both received seed funding in rounds led by Sequoia Capital India.

In the case of InCore Semi the amount raised was US$3 million while Mindgrove has received about US2.3 million.

InCore was founded in 2018 and develops customized RISC-V processor cores aimed at application in such segments as automotive, industrial automation, and general electronics.

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