InCore Semiconductors raises $3M in Seed Funding from Sequoia Capital India for RISC-V Processor Solutions

• ByStartupStory     |    May 12, 2023

InCore Semiconductors, an Indian fabless-semiconductor startup, has successfully raised $3 million in seed funding from Sequoia Capital India. The company specializes in building RISC-V based processor solutions and plans to use the funds to enhance its portfolio of Core-Hub generators and reference SoC platforms aimed at various segments of the embedded chips market.

“InCore’s RISC-V processors are not just designed for India but for the world. 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,” said G S Madhusudan, CEO of InCore Semiconductors.

InCore, in collaboration with its partner network, is pioneering a series of RISC-V platforms called InSoCs for various embedded verticals. These RISC-V based platforms serve as building blocks to lower the entry barrier for customers seeking rapid, battle-tested solutions in their markets. The Indian government has been promoting and nurturing OEM/ODM-like entities under its Indian Semiconductor Mission, and InCore’s platforms align perfectly with this initiative.

“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 in 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,” said Mohit Bhatnagar, MD, Sequoia India.

Founded in 2018, InCore Semiconductors offers turnkey processor IP solutions for strategic industrial segments like automotive, industrial automation, and general electronics among others. The company’s processors are designed for worldwide applications, making India a key player in the competitive global semiconductor market. With this new funding, InCore is well-positioned to continue making significant contributions to the industry.

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