Amid rising chip ambitions, Morphing Machines secures ₹420 million more to scale its reconfigurable processor, targeting global markets and a commercial launch next year.
Bengaluru-based semiconductor firm Morphing Machines has secured approximately ₹420 million in fresh funding as part of its ongoing Series A round, taking the total raise to ₹800 million.
The round saw participation from Hero Enterprise Partner Ventures, Colossa Ventures and Navam Capital, according to regulatory filings.
According to an exclusive report by Inc42, the company’s board approved the issuance of 210,000 Series A compulsorily convertible preference shares at a premium of ₹1979 per share. This follows an earlier ₹384 million raise in October from investors including IAN Alpha Fund, Speciale Invest and IvyCap Ventures.
The newly raised capital will be used to advance development and testing of its first production chip, strengthen its software stack, and expand engineering capabilities. The startup also plans to convert existing customer engagements into pilot deployments and scale its presence in international markets, particularly the US and Europe. A full commercial launch is targeted in 2027.
Founded in 2005, Morphing Machines is building a runtime-reconfigurable processor, REDEFINE, aimed at applications in data centres, artificial intelligence, and high-performance computing.
The architecture enables hardware to dynamically adapt to workloads, allowing a single chip to support multiple computing tasks. The company has also developed a proprietary compiler designed to optimise software-to-hardware execution.
The startup has progressed from early-stage simulations and defence-led proof-of-concept (PoC) work to enterprise validation, including collaborations with Safran in avionics use cases. It later moved towards hardware development under Karnataka’s Semiconductor Fabless Accelerator Lab.
Backed by government initiatives such as the Design Linked Incentive (DLI) Scheme and the Chips to Startup (C2S) Programme, Morphing Machines operates in a competitive domestic landscape alongside firms like InCore Semiconductors and Calligo Technologies.
The funding comes amid growing momentum in India’s semiconductor sector, supported by the centre’s ₹760 billion India Semiconductor Mission (ISM) and increasing demand for advanced computing technologies.
