Stock market investor Ashish Kacholia, others invest $10 million in fabless semiconductor startup Vervesemi

Fabless semiconductor startup Vervesemi has raised $10 million in a Series A funding round led by ace market investor Ashish Kacholia and Unicorn India Ventures.

The round also saw participation from Roots Ventures, Caperize Fina and MAIQ Growth Scheme.

The startup will use the raised capital to accelerate product commercialization of its machine learning–enhanced analog signal chain IC portfolio, including advanced data converters and intelligent power and sensing solutions targeted at industrial, smart energy, motor control, and avionics applications.

The investment will also be directed to take existing silicon chips in production, product qualification, and scale engineering and applications teams to support global customers. A portion of the capital will also be used to expand the IP portfolio and strengthen its R&D capabilities in next-generation precision analog architectures.

Moreover, Vervesemi will use the fresh funding to build its go-to-market presence across Asia, the US, and other key semiconductor markets to engage more deeply with OEMs and system companies.

Rakesh Malik, Co-founder & CEO, Vervesemi, said, “This Series A funding marks a defining milestone for Vervesemi. The round was multiple times oversubscribed, and the backing of Ashish Kacholia, Unicorn India Ventures, and other distinguished investors reinforces our conviction that world-class semiconductor innovation can originate from India. This funding allows us to move from technology validation to large-scale deployment, positioning Vervesemi as a global supplier of intelligent analog mixed signal semiconductor solutions.”

Pratap Narayan Singh, Co-founder & CTO, Vervesemi, said, “This funding enables us to transition from advanced R&D to scaled market execution. We are accelerating product tape-outs, expanding our engineering capabilities, and strengthening our global go-to-market presence. Our mission is to redefine how precision mixed signal SOCs are designed and deployed worldwide.”

Over the last year, Vervesemi said it validated its ML-enabled analog signal chain architecture in silicon with multiple customers entering into production, expanded product pipeline, and increased customer engagement across industrial and smart energy segments. The IP portfolio is expanding with over 10 patents held by the company, the release notes.

Ashish Kacholia, founder of Lucky Investment Managers, said, “Vervesemi has a set of founders with rich experience from leading multinationals and deep domain expertise in Analog and Digital processing. This has been validated by order wins from marquee customers including a leading space organisation for their chip and multiple global customers for their semiconductor IPs. The Indian Deep Tech innovation ecosystem is taking shape fast and it is my privilege of partnering with one of the most exciting companies in this space.”

Anil Joshi, Managing Partner, Unicorn India Ventures, added, “Fabless semicon design companies in India are really leading the pack of innovation in the deep tech ecosystem. Being a focused deep tech investor, we are seeing cutting edge work being done in the fabless segment. Vervesemi, which has been working relentlessly to build a range of offerings with an aim to solidify their position in the Indian market and an eye on the global markets, is a strong proposition for us to invest. With our current fund and recently launched Rs 600 crore deep tech fund with IIT Madras, we believe that patient early growth capital for deep tech startups won’t be an insurmountable challenge. India has the talent, tech and now capital to support deep tech companies hitting the ground running.”