Mumbai-based fabless semiconductor startup Vervesemi Microelectronics has raised $10 million in a Series A funding round led by veteran market investor Ashish Kacholia and venture firm Unicorn India Ventures. The round, which was oversubscribed multiple times, also saw participation from Roots Ventures, Caperize Fina, MAIQ Growth Scheme, and several high-net-worth individuals.
The capital will be deployed across three broad areas: accelerating the commercialisation of its machine learning-enhanced analog signal chain integrated circuit portfolio, taking existing silicon chips into production and qualification, and expanding its go-to-market presence in India, the United States, and other key semiconductor markets.
Vervesemi's product portfolio targets industrial automation, smart energy, motor control, and avionics applications. The company says it has validated its ML-enabled analog architecture in silicon, secured early design commitments from customers, and holds over 10 patents alongside 5 trade secrets. Since its founding in 2017, it has developed more than 140 semiconductor IP blocks and 25 IC product variants.
Rakesh Malik, Co-founder and CEO, described the round as a shift from technology validation to large-scale deployment. Pratap Narayan Singh, Co-founder and CTO, said the funding would enable the company to accelerate product tape-outs and strengthen its global go-to-market capabilities.
Among the investors, Ashish Kacholia pointed to the team's experience from leading multinationals and order wins from customers including a major space organisation as key factors in his decision to back the company. Anil Joshi of Unicorn India Ventures noted the broader context of India's deep tech ecosystem maturing, citing the firm's recently launched Rs 600 crore deep tech fund with IIT Madras.
Vervesemi also recently launched a motor control product line aimed at electric vehicles, drones, and industrial automation, as well as advanced bridge sensor interface chips for precision measurement and an avionics-grade multi-function controller platform for aerospace and defense applications.
The company plans to grow its analog design, mixed-signal, firmware, and applications engineering teams over the coming year, with a goal of securing production design wins and initiating early revenue streams.