Netrasemi, a Kerala-based semiconductor technology startup, has secured ₹10 crore in a pre-Series A funding round led by Unicorn India Ventures.
The funds will be utilized for the fabrication of two machine learning system-on-chips (SoCs), Netra A2000 and Netra R1000, designed for Edge AI applications in IoT products.
About Netrasemi:
Founded in 2020 by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha, Netrasemi focuses on creating AI/ML-capable SoCs to optimize computing for smart IoT devices.
The chips are designed to enable advanced AI analytics on the device itself, reducing reliance on cloud-based data processing. This approach enhances product performance, responsiveness, and cost efficiency.
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The company offers a suite of SoCs and reference designs catering to over 100 AI/ML use cases. Its technology has garnered interest from major OEMs in sectors such as medical, telecom, and industrial equipment across various countries.
The startup has reported revenue of approximately $0.75 million from its chip design and porting services for strategic partners.
The company projects a 150% revenue growth in FY25, driven by intellectual property (IP) revenue, and expects further expansion when chip volume production begins in FY27.
