Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures
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Kerala-based semiconductor startup Netrasemi has raised Rs 107 crore from Zoho Corporation and Unicorn India Ventures The edge artificial intelligence (AI) semiconductor technology company is building system-on-chip (SoC) circuits to enable optimal computing for Internet of things (IoT) products. Edge AI refers to artificial intelligence that processes data generated by a hardware device locally, rather than on the cloud.The company largely works in sectors such as surveillance, robotics, and smart infrastructure.Founded in 2020 by Jyothis Indirabhai, Sreejith Varma and Deepa Geetha, Netrasemi is currently in its prototyping and research and development (R&D) phase. The company plans to launch its product by early 2026.Netrasemi had raised Rs18.3 crore in its last two rounds from various investors, including Medimicrochip Labs, Indian Institute of Management (IIM) – Kozhikode, and Unicorn India Venture, according to Tracxn.The deeptech venture plans to use the fresh funds to build its R&D capabilities and enhance manufacturing capacity. 'We will use the funding to focus on improving our R&D facility in Kerala. The Edge AI market is already seeing growth projections compared to Cloud AI,' Indirabhai, the company's chief executive officer, told ET.'Netrasemi chips enable solution players to develop advanced ML and vision application use cases faster and with ease. We not only make advanced System-on-Chips but own the IP cores that go inside to make them achieve edge-efficient computing," he added.Commenting on the funding infusion, Shailesh Davey, Co-founder and CEO, Zoho Corporation, said, 'Our interests with Netrasemi … align on the R&D front, especially in areas such as robotics, AI and edge processing.''Through this investment, we are supporting the development of indigenous intellectual property (IP) and innovation, paving the way for globally competitive products to be built in India,' Davey added.
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