India, May 12 -- Bengaluru-based semiconductor startup HrdWyr has raised $13 Mn (about Rs.124 Cr) in its Series A funding round led by Ideaspring Capital. The round also saw participation from Singularity AMC, Avatar Growth Capital and existing investor Persistent Systems.

The startup said the fresh capital will be used to accelerate the development of its AI-native system-on-chip (AISoC) products and expand customer engagements in global markets.

Founded in 2023 by industry veterans Ramamurthy Sivakumar and Guruswamy Ganesh, HrdWyr operates as a full-stack fabless semiconductor product startup and focuses on building end-to-end AI-native semiconductor products for global markets. Unlike traditional IP licensing or services-led models, ...