India's 1st Processor IP Company Incore Semiconductors Raises $3 Mn in Seed Funding from Sequoia India

Chennai-based InCore Semiconductors, India's first Processor IP company, has raised $3M in seed funding from Sequoia India.

The funding will support the company's mission to build innovative RISC-V processor cores and contribute to India's growing semiconductor industry. InCore will use the raised funds to enhance its portfolio of Core-Hub generators and reference SoC (System-on-Chip) platforms aimed at multiple segments of the embedded chips space.

To recall, prior to InCore Semiconductors, Sequoia India has invested in $2.325 funding round of MindGrove Technologies, also a Chennai-based semiconductor startup. 

InCore is building proprietary in-house developed family of RISC-V core generators. RISC-V is an open standard instruction set architecture based on established reduced instruction set computer principles. Unlike most other ISA designs, RISC-V is provided under royalty-free open-source licenses.

InCore’s RISC-V Core-Hub Generators are software tools that generate hardware designs based on proprietary RISC-V processors. These generators provide a quick and efficient way to create customized processor cores that meet specific requirements. They enable developers to configure the processor's microarchitecture to meet specific application needs, which is an extension of the RISC-V’s philosophy of configurable and modular architecture is essential in today's rapidly changing computing landscape.

Launched in 2018, by Neel Gala, G S Madhusudan, Arjun Menon, and Gautam Doshi, InCore enables its customers with turnkey processor IP solutions for strategic industrial segments like automotive, industrial automation, and general electronics.

Currently based at IIT-Madras Research Park, Incore’s team has earlier worked for India’s ambitious indigenous processors "Project Shakti" at IIT Madras, and are well-renowned experts in the R&D and industrial corridors.

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