Morphing Machines, a pioneering fabless semiconductor startup, has successfully concluded its seed funding round with a total raise of $2.76 million. Speciale Invest, renowned for its focus on deep technology investments, led the round alongside participation from IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC.
The infusion of capital will empower Morphing Machines to accelerate its product development and prototyping efforts, expand its engineering team, and strengthen its go-to-market strategies. CEO Deepak Shapeti also expressed enthusiasm.
By consolidating functionalities typically segregated across multiple processors, Morphing Machines aims to deliver superior performance and energy efficiency, thereby significantly streamlining time-to-market and cost considerations for its clients.
Supported by the Ministry of Electronics & Information Technology (MeitY) under the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S) initiatives, Morphing Machines is at the forefront of innovation with its flagship product, REDEFINE. This revolutionary many-core processor Soft IP is engineered to handle a broad spectrum of applications, encompassing data analysis, artificial intelligence, telecommunications, and high-performance computing.
Currently, Morphing Machines operates with a team exceeding 20 members, and plans are underway to expand this workforce to over 40 members. This expansion will bolster capabilities across crucial areas such as design, verification, emulation, and tape-out processes, reinforcing the company’s commitment to advancing semiconductor technology.