Bengaluru-based fabless semiconductor IP company Morphing Machines has raised ₹38.36 crore ($4.32 million) in its Series A funding round led by IAN Alpha Fund, with participation from Speciale Invest, IvyCap Ventures, and Navam Capital.
The round also saw continued support from the company’s seed investors — Speciale Invest, IvyCap Ventures, Navam Capital, Golden Sparrow Ventures, IIMA Ventures, and DeVC. Morphing Machines had earlier secured $2.76 million in June 2023 in its seed round, led by Speciale Invest.
With the fresh capital, Morphing Machines plans to build and test its first chip, expand its engineering team from 50 to over 90, and launch pilot projects with data center customers. The company also aims to begin commercial deployments across India, the US, and Europe.
Founded by Deepak Shapeti, Dr. Ranjani Narayan, and Prof. S.K. Nandy, the company is working on REDEFINE, a manycore processor designed to deliver high performance and energy efficiency across diverse workloads including AI, data analytics, and high-performance computing.
Over the next 12 to 24 months, Morphing Machines intends to complete its proof-of-silicon, strengthen its software toolchain, and broaden its customer base in data centers, AI applications, and enterprise infrastructure.
By: Sandhya Bharti
