The stealth-mode fabless chip design business C2i Semiconductors has secured a $4 million (INR 33.7 crore) investment from deeptech venture fund Yali Capital.
Yali Capital makes investments in AI, robotics, genomics, chip design, smart manufacturing, aircraft, and surveillance.
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“India has forty years of high-quality chip design experience, and a good mix of Analog, RF, memory, Digital and EDA talent. Fabless Chip design is a strong focus area for Yali Capital, and we hope to be part of creating this ecosystem of vibrant, globally competitive chip design companies from India,” said Ganapathy Subramaniam, Founding Managing Partner at Yali Capital.
The team at Yali Capital is armed with an impressive track record of successful investment history, and a combined 60 years in the deep tech domain.
In order to encourage international participation in the fund, Yali Capital, a Sebi-approved Category 2 AIF fund, has set a funding goal of Rs 500 crore with an additional Rs 310 crore greenshoe option. The fund has also set up a GIFT City vehicle.
About Yali Capital
Mathew Cyriac and Ganapathy Subramaniam founded Yali Capital, a deep tech venture finance business. Its primary investments are in the initial stages and future funding.
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