Netrasemi, a Kerala-based semiconductor startup, has raised Rs 10 crore in its pre-Series A round from Unicorn India Ventures to build Edge artificial intelligence for IoT products.

The funds raised will be used to construct two ML SoC chips (Netra A2000 and Netra R1000).

Netrasemi is an Indian Edge AI semiconductor technology company founded in 2020 by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha. Netrasemi is an Indian Edge AI semiconductor technology company building system-on-chips (SOC).

A family of AI/ML capable SOCs and reference designs for solving over 100 AI/ML use cases is what the company claims to bring to the table, making Edge AI product development straightforward and cost-effective. These chips go into motherboards that make these products capable of doing advanced AI-based analytics without the need to send the data to servers and the cloud, making them smart, cheap, responsive and independent.

Over the past year, the company has received encouraging responses from large OEMs across various countries operating in medical, telecom, and industrial segments.

According to the company, it has begun generating strong revenue growth and profits of around $0.75 million from chip design and porting service for strategy partners, which will grow further in FY25 to 150% with IP revenue and will grow starting FY27 once volume production of chips starts.

Over the past 12 months, the company has been receiving responses from large OEMs in various countries operating in medical, telecom, and industrial segments, and has begun generating revenue growth and profits of nearly $0.7 million from chip design and porting service for strategy partners.