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Fabless Chip Startup Morphing Machines Secures $2.76 Million in Seed Funding

Morphing Machines
Preeti Bali / 6:50 am / June 27, 2024

Morphing Machines, a fabless semiconductor startup, has closed a successful seed funding round worth $2.76 million. The round was led by Speciale Invest, a venture capital firm specializing in early-stage investments in deep technologies. Additional participation came from IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC.

Funds to Accelerate Product Development and Growth

According to a company press release, the proceeds from this funding round will be strategically allocated to propel Morphing Machines’ product development and prototyping efforts. The company also plans to expand its engineering team and bolster its go-to-market initiatives.

Government Supported Innovation

Morphing Machines is actively developing REDEFINE, a revolutionary many-core processor Soft IP (intellectual property). This project is supported by the Ministry of Electronics & Information Technology (MeitY) through two key initiatives: the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S). REDEFINE promises to handle a wide range of applications, including data analysis, artificial intelligence, telecommunications, and high-performance computing.

Performance and Efficiency Gains

By consolidating functionalities traditionally handled by separate processors, Morphing Machines’ REDEFINE technology offers customers a significant advantage. This innovative design is expected to deliver superior performance and energy efficiency, while simultaneously reducing the time and cost associated with bringing products to market.

Expanding the Team for Success

Currently, Morphing Machines boasts a team of over 20 members with expertise in various areas. To support the design, verification, emulation, and tape-out processes crucial for REDEFINE’s development, the company is actively expanding its workforce and aims to reach a team size of over 40 members.

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