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Semiconductor Startup Mindgrove Raises $8 Mn In Series A Funding

  • Semiconductor startup Mindgrove Technologies has raised $8 million in a Series A funding round led by Rocketship.vc and Speciale Invest.
  • The funding will be used to grow the company's workforce, enhance engineering capabilities, and speed up production and sales of its first chip.
  • Mindgrove also received approval for ₹15 crore under the Indian government's semiconductor Design-Linked Incentive (DLI) scheme to develop a new chip called Vision SoC.
  • The company aims to bring high-performance edge computing and vision processing chips to the market for devices such as CCTV cameras, dashcams, ADAS, and smart TVs.

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