Bangalore-based semiconductor startup Calligo Technologies has raised $1.1 million in a pre-series A funding round led by Seafund and Artha Venture Fund.
The funds will be used for research and development expenses to develop version 2.0 of the company’s silicon chip.
Calligo develops products and solutions for high-performance computing (HPC), big data, and AI workloads and aims to solve performance bottlenecks in computing needed for large-scale modeling and simulations.
The investment highlights the increasing demand for efficient computing solutions, particularly as AI and HPC workloads grow exponentially.