HrdWyr, a global semiconductor design company, has raised US$13 million in a Series A funding round led by Ideaspring Capital. Other investors in the round included Singularity AMC, Avatar Growth Capital, and Persistent Systems.
The company plans to use the new funding to develop its AI-powered chip products faster and expand its customer base in key international markets.
Ramamurthy Sivakumar, Founder and CEO, HrdWyr, said, “The real power of AI will be unlocked as we enter the era of Physical AI, where advanced intelligence seamlessly integrates with real-world systems. This inflection point demands a fundamental rethinking of how computing systems are conceived, architected, and deployed. It calls for a structural reset of the semiconductor stack, with IP and products designed for AI processing from first principles, not as an afterthought. We encapsulate these ideas under the TEA framework. At HrdWyr, we don’t just build chips, we partner with our customers to solve domain-specific challenges and enable them to lead this transition to Physical AI, rather than simply adapt to it.”
Naganand Doraswamy, Managing Partner and Founder, Ideaspring Capital, said, “HrdWyr is building a family of AI chips addressing power management and efficiency across multiple sectors, including white goods, EVs and data centres. This is very important to Ideaspring’s thesis of building products from India for the world and also becoming self-reliant in semiconductors. We are proud to partner with Siva, Ganesh, and their team, who have decades of experience in the semiconductor space. We look forward to partnering with them in the endeavour.”
Dr. Anand Deshpande, Founder, Chairman, and Managing Director, Persistent Systems, said, “AI-led transformation is driving a fundamental shift in how the technology stack is built, with increasing convergence between semiconductors, data and intelligent software systems. Innovations in chip design will play a critical role in enabling next-generation enterprise and industrial applications. Our investment in HrdWyr reflects this direction and aligns with Persistent’s focus on AI-led, software-driven engineering. As these innovations scale, we see opportunities to contribute across the value chain, from data and platform engineering to embedded and enterprise systems. We believe HrdWyr is well-positioned to build globally relevant products from India, and we are pleased to support their growth journey.”
“HrdWyr’s focus on intelligent, energy-efficient systems and deep IP ownership, rather than generic compute, is differentiated. Through purpose-built AI-native chips (AISoC), HrdWyr enables Indian OEMs to de-risk supply chains, shorten product launch cycles, strengthen data sovereignty, and unlock new usage intelligence. The team’s multi-decade global semiconductor execution experience and strong ecosystem relationships are reflected in their rapid, capital-efficient progress from concept to tape-out and wafer-out, alongside customer design partnerships with boat. Avatar is excited to partner closely as co-builders,” said Rajiv Gupta, Partner, Avatar Growth Capital (AGC).
Founded by Ramamurthy Sivakumar, HrdWyr is a startup that designs AI-powered semiconductor chips for edge computing and physical AI applications.
The company creates chips for products such as consumer electronics, electric vehicles, industrial equipment, and data centres. These chips can handle AI tasks directly on the device, which helps reduce delays and save energy.
HrdWyr is a fabless semiconductor company, meaning it focuses only on designing chips and does not manufacture them itself. Its aim is to build AI capabilities into the chip design so devices can make quick real-time decisions without depending too much on cloud systems.
The company has also partnered with boAt, the audio and wearable technology brand, to expand its customer reach.
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