New Delhi, February 16 (IANS). Bengaluru-based chip-design startup C2i Semiconductors, backed under the government’s DLI (Design Linked Incentive) scheme, has raised fresh funding of $15 million in a Series A funding round led by Peak XV Partners. Along with this, till now the company has received a total investment of about Rs 170 crore from private investors. This was announced on Monday.
According to the official statement, this funding comes on the heels of $4 million raised in 2024. With support from the government DLI scheme and this new funding, the company will accelerate the development of power management semiconductor solutions for next-generation AI data center and cloud infrastructure.
Peak This will accelerate the development of high-density and highly reliable system-level power delivery solutions.
The company also received a funding round of $4 million led by Yali Capital in 2024, taking the total investment so far to around Rs 170 crore; Apart from this, support for DLI scheme has been received separately.
Rajan Anandan, managing director of Peak XV, said C2i’s power management technology can extend the lifespan of GPUs and save the industry billions of dollars.
The company has redesigned the flow of electricity inside the server. It uses a ‘grid to core’ approach, making electricity flow from the power source to the processor chip in a more efficient and secure manner.
This new technology acts as a smart power control system for the data center, enabling high-performance AI systems to operate reliably, efficiently and consistently, which is essential for the digital infrastructure of the future.
According to Union Minister Ashwini Vaishnav, India’s semiconductor program is designed to strengthen both design and manufacturing, with the aim of generating intellectual property (IP) in the country and creating global-class product companies.
India’s semiconductor chip design ecosystem continues to grow from strength to strength. There is increasing interest from investors and customers in the startups supported under the DLI scheme.
Semiconductor startups typically have long development periods, heavy research and development expenses, and high technical risk. The DLI scheme, launched in 2022, offers facilities such as financial assistance, access to advanced EDA tools and IP cores to mitigate these challenges.
Startups are rigorously screened and evaluated by an expert committee before being included in the scheme, ensuring that only credible and deep-tech companies are supported.
The government says that such structured initiatives have increased investor confidence and strengthened investment prospects in DLI-related startups.
–IANS
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