Fabless semiconductor IP company Morphing Machines has raised Rs 38.36 crore ($4.32 million) in a Series A funding round led by IAN Alpha Fund, with participation from Speciale Invest, IvyCap Ventures, and Navam Capital. Existing investors such as Golden Sparrow Ventures, IIMA Ventures, and DeVC also joined the round.
This follows the company’s $2.76 million seed round raised in June last year, led by Speciale Invest and other early backers. The fresh funds will be utilized to develop and test Morphing Machines’ first chip, expand its engineering team from 50 to 90 members, and launch pilot projects with data center clients. The company also plans to begin commercial deployments across India, the US, and Europe in the coming months.
Pioneering Chip Architecture for the Future
Founded by Deepak Shapeti, Dr. Ranjani Narayan, and Prof. S.K. Nandy, Morphing Machines is redefining semiconductor architecture through its proprietary manycore processor platform, REDEFINE. The platform is designed to handle AI, data analytics, and high-performance computing workloads delivering superior speed, scalability, and energy efficiency compared to conventional processors.
By enabling parallel processing and adaptive workload management, REDEFINE aims to address the growing computational demands of data centers, AI enterprises, and cloud infrastructure providers.
Next Steps for Growth
Over the next 12 to 24 months, Morphing Machines plans to achieve its first proof-of-silicon, enhance its software toolchain, and scale its customer partnerships globally. With this Series A funding, the company is positioning itself as a deep-tech pioneer driving India’s ambitions in the semiconductor ecosystem.
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