A fabless semiconductor firm named InCore Semiconductors said on Friday that Sequoia Capital India had contributed $3 million to its investment round. The money raised will be put to use by InCore to expand its line-up of core-hub generators and reference system-on-chip platforms targeted at various embedded chip market niches.

"RISC-V processors from InCore are created for the entire world, not only India. The processor's IP solutions can accommodate a wide range of applications thanks to a scalable, flexible, and extendable methodology, according to InCore Semiconductors CEO G S Madhusudhan in a release.

InCore is helping the global semiconductor industry by providing top-notch RISC-V processors and elevating India to a significant position in this fiercely competitive sector. "With Project Shakti at IIT Madras, the InCore team planted the seeds for India's goal of domestic processors.

They are well-known authorities in the R&D and industrial sectors. Sequoia India managing director Mohit Bhatnagar expressed his excitement at the prospect of working with them on this adventure.