SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn. This marks a significant leap from $12.9 million in 2023 and $1.5 million in 2022.
The year also witnessed four Series A funding rounds, compared to just one in 2023 and none the year prior. Chennai-based Mindgrove Technologies, a fabless semiconductor design startup, led the funding race with $8 million raised in a Series A round. Bengaluru's FermionIC Design, specialising in chipsets for wireline and wireless communication systems, followed with $6 million in seed funding. Top investors, including Peak XV Partners, Speciale Invest, and Celesta Capital, have actively backed the sector.
This story is from the January 01, 2025 edition of Financial Express Bengaluru.
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This story is from the January 01, 2025 edition of Financial Express Bengaluru.
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