Vervesemi Microelectronics, a fabless semiconductor startup, has raised $10 million in a Series A funding round. The round was led by investor Ashish Kacholia and venture capital firm Unicorn India Ventures. Other investors like Roots Ventures, Caperize Fina, and MAIQ Growth Scheme also participated.
Vervesemi builds advanced analog signal chain chips powered by machine learning. These chips are designed to improve performance and efficiency in electronic devices.
The company will use the money to speed up the commercial launch of its chips, move its current silicon products into production and testing, and expand its sales and market presence in India, the US, and other key semiconductor markets.
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 world-class semiconductor innovation can originate from India. 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.”
Ashish Kacholia, founder of Lucky Investment Managers, says, “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. The Indian Deep Tech innovation ecosystem is taking shape fast and it is my privilege of partnering with one of the most exciting companies in this space”
Anil Joshi, Managing Partner, Unicorn India Ventures, adds, “Fabless semicon design companies in India are really leading the pack of innovation in the deep tech ecosystem. Being a focused deep tech investor, we are seeing cutting edge work being done in the fabless segment. Vervesemi, which has been working relentlessly to build a range of offerings with an aim to solidify their position in the Indian market and an eye on the global markets, is a strong proposition for us to invest. With our current fund and recently launched Rs 600 crore deep tech fund with IIT Madras, we believe that patient early growth capital for deep tech startups won’t be an insurmountable challenge. India has the talent, tech and now capital to support deep tech companies hitting the ground running.”
Vervesemi Microelectronics was founded in 2017 by Rakesh Malik and Pratap Narayan Singh. It is a fabless semiconductor company that designs high-performance analog and mixed-signal chips for global markets. The company uses its own machine learning–based technology to improve reliability, production yield, and overall system performance in important applications.
In the past year, Vervesemi has made strong progress in improving its technology and preparing for large-scale business operations. Its machine learning–enabled analog signal chain design has been successfully tested and validated in silicon.
Several customers have already started using its chips in production. The company has also expanded its product range and increased its customer base, especially in the industrial and smart energy sectors.
Vervesemi has launched a new motor control chip line for electric vehicles, drones, and industrial automation. These chips offer accurate sensing, smart control, and better fault detection, helping improve both performance and safety.
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