Fabless Semiconductor startup Vervesemi has raised $10 million in a series A round led by ace market investor Ashish Kacholia and Unicorn India Ventures. The round also saw participation from Roots Ventures, Caperize Fina and MAIQ Growth Scheme.Funds raised will be deployed in 3 key strategic areas. The Company will accelerate product commercialization of its machine learning–enhanced analog signal chain IC portfolio, including advanced data converters and intelligent power and sensing solutions targeted at industrial, smart energy, motor control, and avionics applications. The investment will also be directed to take existing silicon chips in production, product qualification, and scale engineering and applications teams to support global customers. A portion of the capital will also be used to expand the IP portfolio and strengthen its R&D capabilities in next-generation precision analog architectures. Lastly, Vervesemi will use the fresh funding to build its go-to-market presence across Asia, the US, and other key semiconductor markets to engage more deeply with OEMs and system companies. Rakesh Malik, Co-founder & CEO, Vervesemi, says, “This Series A funding marks a defining milestone for Vervesemi. The round was multiple times oversubscribed, and the backing of Ashish Kacholia, Unicorn India Ventures, and other distinguished investors reinforces our conviction that… Read MoreStartupTalky- Business News, Insights and Stories
