Deepgrid Semi Seeks ₹25 Cr to Accelerate AI Chip Rollout
Photo Caption: Deepgrid Semi Pvt Ltd
Deepgrid Semi Private Limited, a semiconductor startup out of T-Hub, is gearing up to raise ₹25 crore as they move forward with tape-out and take their AI-powered System-on-Chip for Advanced Driver Assistance Systems (ADAS) to market. This money lets them leave behind small prototypes and start real chip production.
The company’s finished building its main technology and is currently testing it with FPGAs, which cost a hefty ₹35,000 each. The real savings kick in once they shift to full-scale chip production and tape-out brings the price down to just ₹3,000 per chip. But making that leap takes a big investment, almost $3 million. Deepgrid wants to wrap this up in the next 10 months, but that only happens if they lock in the right investors.
To make themselves more appealing, they’re showing off real-world uses in humanoid robots, autonomous mobile bots, and automated guided vehicles for port operations. Plus, they’re talking to Indian automakers to launch field trials for their ADAS tech.
Source: Business Standard
