(L-R) Pratap Narayan Singh, Co-founder & CTO, Rakesh Malik, Co-founder & CEO, Vervesemi.Vervesemi, a fabless semiconductor startup, has raised $10 million in a series A funding round led by Ashish Kacholia and Unicorn India Ventures.
The round also saw participation from Roots Ventures, Caperize Fina and MAIQ Growth Scheme.
The fresh capital will support scaling of the company’s engineering and applications teams, expansion of its IP portfolio and continued investment in next-generation precision analog architectures. The firm also plans to deepen engagement with OEMs and system companies across Asia and the United States.
“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,” said co-founder and CEO Rakesh Malik.
Founded in 2017, Vervesemi develops machine learning-enhanced analog and mixed-signal semiconductor solutions targeted at industrial, smart energy, motor control and avionics applications.
“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,” said investor Kacholia.
With over 140 semiconductor IP blocks, 25 IC product variants and more than 10 patents, Vervesemi is now preparing for scaled market entry and early revenue traction in the coming year.
“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,” said Anil Joshi, managing partner, Unicorn India Ventures.
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