Deep tech, in focus.

Semiconductor engineering provider across chip design, validation, testing and embedded systems.

• Vector Line Capital led the $75M funding round.
• Existing investors TPG and Novo Tellus are named by BusinessLine.

• Funding round raised: $75M
• Lead investor: Vector Line Capital
• Use of funds: Support growth, strategic acquisitions, broader services and global expansion.

Develops a new central processor for data centres and AI infrastructure. It has not yet released a product.

• Round has not closed; amount and roughly $2.5B valuation may change.
• Earlier seed round was led by Sequoia Capital; current investors are not disclosed.

• Seeking funding: Hundreds of millions
• Valuation: $2.5B (proposed)

Develops specialized semiconductor chips for neural devices, from implants to wearables.

• Working silicon is being integrated with neurotechnology partners.
• Funding supports commercial scale-up, product launches and partner delivery.

• Raised: $5M
• Investors: Odyssey Ventures, 33East, JSK Investments, Alumni Ventures, Empirical Ventures, Jumpspace Ventures
• Use of funds: MintNeuro will use the investment to grow its engineering and commercial teams, bring its products to market, support customers as they adopt its chips, and strengthen its presence in the US alongside its UK and...

Develops photonic quantum-computing hardware for difficult optimization problems.

• Earlier $2M seed in December 2024 led by Pi Ventures.
• Targets a four-qubit computer, then a roughly 100-qubit prototype by 2029.

• Raised: $10M
• Investors: Chiratae Ventures, Rainmatter by Zerodha, Pi Ventures
• Use of funds: The fresh funds will be used to build and launch a four-qubit quantum computer in the near term, with the company targeting a larger prototype featuring around 100 qubits by 2029, Quanfluence said in a press release.
• Earlier rounds: Raised $2 million in a seed round in December 2024, led by Pi Ventures, with Golden Sparrow, Reena Dayal and other investors.
• HQ: Bengaluru

Develops data-flow processors and software tools for more energy-efficient general-purpose computing.

• Valuation: $650M; cumulative capital raised: $176M.
• First shipping chips target drones and small robots; funding supports increased shipments.

• Raised: $100M
• Valuation: $650M
• Investors: TQ Ventures, Eclipse, Union Square Ventures, Giant Ventures, Triatomic Capital, TO Capital, TF Capital, Mana Ventures, Toyota Ventures, Overmatch, Borderless

Develops an AI-powered verification platform to identify semiconductor design bugs and check generated designs.

• First institutional round, following angel and industry-advisor backing.
• Supports product development, customer deployments and engineering teams in the US, India and Israel.

• Seed raised: $5M
• Investors: Endiya Partners, Bluehill VC

Develops semiconductor systems and infrastructure for foundation-model AI workloads.

• Former ASML chief Peter Wennink joins as chairman.
• Funding accelerates development; efficiency claims are not independent deployment benchmarks.

• Series A raised: >€200M
• Investors: Samsung, Somerset Capital Partners, EQT Scaleup Europe Fund, Innovation Industries, EIFO, imec.xpand, BOM, Quadri
• Use of funds: EUCLYD says the new capital will be used to expand its engineering team, accelerate development of its silicon and systems roadmap, deepen partnerships across the industry, and enable the company to sell into...