Netrasemi Raises Rs 10 Crore Investment for Edge AI Chip Development

Netrasemi has secured Rs 10 crore in pre-series A funding from Unicorn India Ventures to develop machine learning SoCs for Edge AI in IoT devices.

Kerala - Netrasemi., a Kerala-based semiconductor startup, has raised Rs 10 crore in pre-series A funding from Unicorn India Ventures. The funds will support the development of two machine learning SoCs, Netra A2000 and Netra R1000, designed for Edge AI in IoT devices, enabling advanced on-device analytics without cloud or server reliance.

Netrasemi founded by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha, develops AI/ML-capable system-on-chips (SoCs) for smart IoT products. With a team of 61, they are creating SoCs and reference designs to simplify Edge AI development and address over 100 AI/ML use cases, enhancing speed, affordability, and responsiveness.

In the past year, Netrasemi has received positive feedback from OEMs in the medical, telecom, and industrial sectors, generating $0.75 million in revenue. The company projects 150% growth in fiscal year 2025 and exponential growth from 2027 with the start of volume chip production.

Mr. Anil Joshi, Managing Partner at Unicorn India Ventures, said “There are attractive opportunities in the Edge AI software market and there is absolutely no denying that the AI industry has the potential to transform various sectors. The funding accelerates Netrasemi’s mission to deploy the solutions on a better scale. We believe Netrasemi will continue to sustain its momentum with its most powerful AI chip for edge devices and strengthen its position in this space. The company has witnessed remarkable progress in the last 12 months and has designed new solutions. Hence, we believe the market opportunity is huge and the company has built the right momentum to capitalise on this segment.”

Mr. Jyothis Indirabhai, Co-founder of Netrasemi, said, “Netrasemi family of chips will be the first AI/ML SoCs from India for intelligent edge devices, with a full array of digital IPs inhouse developed. We not only own the chip but also own what goes inside. We are excited to be backed by Unicorn India Ventures and believe this funding will play a crucial step for us to fuel our continued expansion and success.”