Fabless semiconductor startup Morphing Machines has announced the successful completion of its seed funding round, raising $2.76 million. The round was led by Speciale Invest, a venture capital firm focusing on deep technology investments. Additional investors include IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC.
The capital infusion will enable Morphing Machines to accelerate product development and prototyping, expand its engineering team, and bolster go-to-market strategies. “The proceeds will be used to ramp up product development and prototyping, expand the engineering team, and support go-to-market initiatives,” the company stated in a press release.
Supported by the Ministry of Electronics & Information Technology (MeitY) under the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S) schemes, Morphing Machines is pioneering a revolutionary many-core processor Soft IP named REDEFINE. This processor is designed to manage a diverse array of applications, including data analysis, artificial intelligence, telecommunications, and high-performance computing.
By integrating functions traditionally handled by multiple types of processors, Morphing Machines aims to deliver enhanced performance and energy efficiency. This approach also promises to significantly reduce the time and cost required for product development.
Currently, Morphing Machines boasts a team of over 20 members, with plans to expand to over 40 members to support design, verification, emulation, and tape-out processes.