Bengaluru’s C2i Semiconductors, bolstered by India’s Design Linked Incentive program, clinched $15 million from Peak XV Partners in a Series A deal disclosed Monday. Cumulative private funds now stand at about 170 crore rupees, including a 2024 $4 million raise, amplifying government support.
Fresh resources will propel cutting-edge power semiconductors for AI data centers and cloud infrastructure, emphasizing ultra-reliable, dense power systems. Peak XV, ex-Sequoia India, backs C2i’s unique innovations poised to extend GPU durability and economize billions for the sector, per Rajan Anandan.
C2i’s ‘Grid to Core’ paradigm transforms in-server power dynamics, channeling electricity efficiently and safely to processors. It emulates a vigilant power management hub, guaranteeing uninterrupted, high-efficiency AI performance essential for tomorrow’s networks.
Echoing Minister Ashwini Vaishnaw’s vision, India’s semiconductor drive nurtures design and production ecosystems to cultivate proprietary IP and elite companies. DLI, initiated in 2022, tackles startup pitfalls like drawn-out development, steep R&D outlays, and risks through targeted aid, tools, and IP, post expert scrutiny.
Such initiatives have fortified investor faith, spurring investments in DLI firms. C2i’s ascent highlights India’s rising semiconductor clout, fostering a vibrant hub for deep-tech ventures with global ripple effects.