Investor confidence powers semiconductor startups

SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn. Investor confidence is powering semiconductor startups.

- S SHANTHI

SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn. This marks a significant leap from $12.9 million in 2023 and $1.5 million in 2022.

The year also witnessed four Series A funding rounds, compared to just one in 2023 and none the year prior. Chennai-based Mindgrove Technologies, a fabless semiconductor design startup, led the funding race with $8 million raised in a Series A round. Bengaluru's FermionIC Design, specialising in chipsets for wireline and wireless communication systems, followed with $6 million in seed funding. Top investors, including Peak XV Partners, Speciale Invest, and Celesta Capital, have actively backed the sector.