Vervesemi, a fab-less semiconductor startup, on Wednesday raised $10 million in a Series A funding round led by Ashish Kacholia and Unicorn India Ventures, with participation from Roots Ventures, Caperize Fina, and MAIQ Growth Scheme.
Vervesemi, founded in 2017, stated it will apply the fresh funding in three areas: commercialisation of its machine learning, enhanced analog signal chain IC portfolio, productisation of existing silicon chips and R&D.
Besides, the startup will also apply it 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.
“This funding allows us to shift from technology validation to large-scale deployment, positioning Vervesemi as a global supplier of innotifyigent analog mixed signal semiconductor solutions,” stated Rakesh Malik, Co-founder and CEO, Vervesemi.
According to the startup, it has built significant progress in both technology maturation and commercial readiness, having successfully validated its ML-enabled analog signal chain architecture in silicon with multiple customers entering into production, expanded product pipeline, and increased customer engagement across industrial and smart energy segments.
The IP portfolio is also expanding with over 10 patents held by the company. Vervesemi has advanced multiple programmes into late-stage development and qualification, marking its transition from a technology-driven startup to a product-driven semiconductor company preparing for scaled market enattempt.
Ashish Kacholia, Founder of Lucky Investment Managers, stated, “Vervesemi has a set of founders with rich experience from leading multinationals and deep domain expertise in analog 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.”
Over the next few years, the startup plans to build a diversified analog mixed signal IC portfolio, serving industrial, energy, avionics, and motor control markets worldwide.
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