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Semiconductors Series A Founded 2021

Mindgrove

Mindgrove is a fabless semiconductor design company that builds System on Chips (SoCs) for IoT, vision, and edge computing applications. The company designs chips in-house for sectors including automotive, industrial automation, vision systems, and smart living. Its product portfolio includes Secure IoT, a 28nm, 700 MHz low-power SoC for IoT and embedded devices with security baked into the silicon; Vision SoC, a…

📍 Chennai, India · Embedded Systems,

Funding snapshot

Last roundSeries A
Amount$8M
Date23 December 2024
Total raised$10M
Valuation25,083,302 (Jan 7, 2025)
Team size44

About

Mindgrove is a fabless semiconductor design company that builds System on Chips (SoCs) for IoT, vision, and edge computing applications. The company designs chips in-house for sectors including automotive, industrial automation, vision systems, and smart living. Its product portfolio includes Secure IoT, a 28nm, 700 MHz low-power SoC for IoT and embedded devices with security baked into the silicon; Vision SoC, a GHz-class processor for high-performance edge and computer vision workloads; and upcoming edge compute processors for AI-driven workloads. Mindgrove's chips are designed in India for the world, targeting applications in infotainment, ADAS, telematics, wearables, factory automation, smart meters, CCTV cameras, biometric terminals, and connected appliances. Founded in 2021 and headquartered in Chennai, India, Mindgrove has raised approximately $10.4 million at the Series A stage from investors including Peak XV Partners, Speciale Invest, Whiteboard Capital, Rocketship, Surge, Mela Ventures, and IITM Pravartak Technologies Foundation.

Business model

Internet of Things Infrastructure > IoT Chips > SoC,

Sensors > Generic Sensor Developers > Imaging,

Embedded Systems > Embedded Hardware > System on Chips

Team background

College Wise > IIT Madras, ETH Zurich, Swiss Federal Institute of Technology Zurich

Institutional investors

Speciale Invest Peak XV Partners Whiteboard Capital Rocketship Mela Ventures Surge IITM Pravartak Technologies Foundation RTBI Ashwini Asokan Nischay Goel Nishchay Goel Anshul Goel Srinivasan Sharanya

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