Fabless semiconductor startup Morphing Machines has successfully raised $2.76 million in a seed funding round led by Speciale Invest, a venture capital firm focusing on deep technologies. Other participants in the round included IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC.
The newly acquired funds will be directed towards accelerating product development and prototyping, expanding the engineering team, and bolstering go-to-market strategies, according to the company’s press release.
Morphing Machines is backed by the Ministry of Electronics & Information Technology (MeitY) through the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S) schemes. The company is focused on developing REDEFINE, a versatile many-core processor Soft IP designed to handle a wide range of applications, including data analysis, artificial intelligence, telecommunications, and high-performance computing.
By integrating functionalities typically managed by different types of processors, Morphing Machines aims to provide enhanced performance and energy efficiency. This approach not only improves operational metrics but also reduces the time and cost associated with bringing new products to market.
Currently, Morphing Machines employs over 20 members and plans to expand its team to more than 40 members. This expansion will support critical processes such as design, verification, emulation, and tape-out, ensuring the company meets its ambitious development goals.
