Funding · AI & Deep Tech

Morphing Machines raises ₹42 crore in Series A

By Startup Enthusiast · 28 April 2026

What they do

Morphing Machines builds reconfigurable processors that adapt hardware for specific tasks

The company secured ₹42 crore in its Series A round from Hero Enterprise and others to speed up product development

Customers include cloud providers, hyperscalers, and defence laboratories like Safran

Morphing Machines closed its Series A funding round with ₹42 crore in fresh capital.
The total value of this round reached ₹80 crore as reported by the company.
Hero Enterprise Partner Ventures led the investment alongside Colossa WomenFirst Fund and Navam Venture Fund I.
This brings the company's cumulative funding to over $14.22 million across all rounds.
The funds will accelerate production chip development and pilot deployments for customers.
Morphing Machines plans a full-scale commercial launch next year with a global footprint.
The startup is backed by government schemes including MeitY DLI and Chips to Startup.
Previous investors include IAN Alpha Fund, Speciale Invest, and IIMA Ventures.

India's semiconductor market is projected to grow from $62 billion to $155 billion by 2030.
The Centre offers ₹76,000 crore in incentives through the India Semiconductor Mission.
Morphing Machines benefits from incubation support at IISc and Karnataka SFAL.
The company operates in a high-growth sector with significant government backing.

The company develops the REDEFINE runtime reconfigurable core processor SoC architecture.
Their many-core hardware reconfigures in real-time based on specific workload requirements.
A custom compiler converts standard software into optimized hardware execution patterns.
Use cases include data centres, AI infrastructure, and high-performance computing systems.
The technology also serves avionics and secure cloud computing applications.
Revenue grew 55.5% to ₹2.3 crore in FY25 from ₹1.5 crore in FY24.
The team consists of 60 employees driving engineering and product development.
Web traffic reached 11.19K visits in the last 30 days.

Hero Enterprise Partner Ventures (lead) — Investment arm of Hero Enterprise.
Colossa WomenFirst Fund (co-lead) — Fund focused on women-led or gender-inclusive investments.
Navam Venture Fund I (participant) — Venture fund supporting early-stage startups.

Product: REDEFINE processor architecture offering runtime reconfigurable many-core design for data centers and AI/ML workloads
Customers: Data center operators, AI/ML platform providers, telecom infrastructure companies requiring flexible compute architectures
How it makes money: Semiconductor IP licensing and chip sales to data center and enterprise compute customers
What sets it apart: Decade of IISc-led research with ASIC performance and FPGA flexibility; government DLI and IMEC support
Operations: IISc incubated startup with design and engineering in Bengaluru and manufacturing partnerships