India, Feb. 18 -- Fabless semiconductor startup Vervesemi has raised $10 million in a series A 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.

Funds raised will be deployed in three key strategic areas. The company will 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 applicatio...