InCore Semiconductors, a deeptech startup specializing in RISC-V based processors and system-on-chip solutions, has raised $3 million in seed funding from Sequoia Capital India. The Chennai-based company plans to utilize the investment to develop and expand its product portfolio, aiming to cater to various applications in industrial segments such as automotive, industrial automation, and general electronics. Sequoia’s backing underscores the significance of InCore’s contributions to the global semiconductor industry and its role in positioning India as a key player in this market.
Similarly, Jarvis, an artificial intelligence-based investment platform, has also secured funding from Bestvantage Investments and Hem Securities Ltd. The Mumbai-based startup employs machine learning algorithms to analyze data and provide personalized investment strategies for clients. The funding will support Jarvis in further developing its technology stack and scaling up its user base, enhancing its ability to offer efficient investment solutions.
These investments reflect a growing interest in deeptech startups and artificial intelligence-based platforms, with investors recognizing their potential to drive innovation and provide valuable solutions in their respective sectors. Sequoia’s continued support for deeptech ventures like InCore Semiconductors aligns with its strategy of backing promising startups in emerging technology domains, further fueling growth and development in India’s startup ecosystem. For more details, refer to the original article below.