Funding · AI & Deep Tech

IndieSemiC gears up for Series A fundraise

By Startup Enthusiast · 23 April 2026

What they do

IndieSemiC is an Ahmedabad-based fabless semiconductor startup that designs AI processors and RF modules

The bootstrapped company is preparing for its first institutional round, a Series A, to fund chip tape-out and team expansion

It has deployed 60,000 modules in the past year and aims to scale to 1 million units this year

IndieSemiC is a fabless semiconductor startup based in Ahmedabad.
The company designs AI processors and RF modules for automotive, surveillance, and IoT applications.
It has developed a quad-core AI processor called ISC-R1 and a CCTV-specific SoC named ISC-S2-PZ in partnership with Prizor Viztech.
The startup has built over 15 RF modules using chipsets from Nordic Semiconductor and Semtech for Bluetooth, Wi-Fi, and LoRa.
It has deployed around 60,000 modules in the past year and plans to scale to 1 million units this year.
IndieSemiC is bootstrapped and gearing up for its first institutional round — a Series A fundraise — targeting venture capital firms, technology investors, and family offices.
The funds will be used for chip tape-out (final design stage before manufacturing), design team expansion, and speeding up development.
The company has signed a packaging and assembly agreement with Kaynes Technology at its Sanand-based OSAT (outsourced semiconductor assembly and test) facility.

The global SoC (system-on-chip) market is valued at $138.46 billion and projected to reach $205.97 billion by 2029.
Chinese chips priced as low as 10-20 cents set the market benchmark, making affordability a key challenge.
IndieSemiC aims to build affordable general-purpose microcontrollers to compete with low-cost Chinese chips.
The startup leverages the VEGA processor architecture from C-DAC (Centre for Development of Advanced Computing) and domestically sourced IP blocks.

IndieSemiC is a fabless semiconductor startup — it outsources fabrication and focuses on design and product development.
Its target areas include next-gen automotive, surveillance, radar, lidar, camera feeds, real-time vision computing, and neural net inferencing.
The company's product lineup includes a quad-core AI processor called ISC-R1 and a CCTV-specific SoC ISC-S2-PZ.
It has built over 15 RF modules using off-the-shelf chipsets from Nordic Semiconductor and Semtech for Bluetooth, Wi-Fi, and LoRa.
All modules are certified for the Indian market, and the company plans to enter US and European markets after certifications.
IndieSemiC's first chip is a general-purpose microcontroller with two variants — non-IoT and IoT with LoRa — running at 200 MHz and supporting lightweight ML workloads and edge-to-cloud AI.
The startup has onboarded over 80 customers through its module business, serving sectors like smart metering, automotive, consumer electronics, asset tracking, and drone communication.
It is in discussions with TSMC and GlobalFoundries for wafer production, with wafers from overseas foundries, packaging in India, and testing in India.
Revenue for FY ended March 2025 was over $101,000 (₹87 Lakh), with a loss of over $47,000 (₹40 Lakh).

Scale module deployment to 1 million units this year.
Enter US and European markets after certifications.
Raise a Series A round from venture capital firms, technology investors, and family offices.
Use funds for chip tape-out, design team expansion, and speeding up development.