Backed by Zoho, Unicorn India Ventures, and Maithan Alloys, Netrasemi has raised $12.5 million, marking a sharp jump in valuation from $11 million to $74 million.
Kerala-based semiconductor startup Netrasemi has raised $12.5 million in its Series A funding round led by Zoho Corporation. The round also saw participation from existing investor Unicorn India Ventures and new investor Maithan Alloys.
Regulatory filings show that Zoho invested approximately $10.2 million for a 13.83% stake. Unicorn India Ventures contributed around $1.94 million, while Maithan Alloys, a ferro alloys producer, invested close to $400,000.
The company’s valuation reported by Entrackr, has now reached about $74 million, more than six times from $11 million at its pre-Series A round of $1.2 million, led by Unicorn India Ventures in December 2024.
With this latest round, Netrasemi’s total funding stands at $14.6 million across four rounds since its founding in 2020. The startup was incubated at IIM-Kozhikode and focuses on semiconductor system-on-chips (SoCs) designed for smart Internet of Things (IoT) devices.
The SoCs developed by Netrasemi are built to manage workloads such as video processing and advanced analytics on-device. The company has developed an in-house artificial intelligence acceleration core and silicon intellectual property to support these functions. The chips are designed to reduce reliance on external servers or cloud infrastructure by enabling processing directly at the device level.
The Series A funding signals continued investor interest in India’s semiconductor ecosystem, with domestic software and manufacturing firms expanding into hardware development. Netrasemi’s focus on SoCs for IoT devices positions it within a growing segment as industries seek more energy-efficient and locally designed chip solutions.
