# Morphing Machines funding: rounds and investors

> Morphing Machines has raised $4.3M across 1 round since 2025. Investors include IAN Alpha Fund, IvyCap Ventures and Navam Capital. Every round with its source.

Source: https://millionrounds.com/company/morphing-machines (Millionrounds; every figure on the page links to its filing or article)

India · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Morphing Machines*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Big Data & Analytics Cloud Hardware & Electronics

Funding summary Updated 26 Oct 2026

**$4.3M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series A, $4.3M Oct 2025
- **Led by:** IAN Alpha Fund
- **Investors:** 4 (1 led)

See who backed them

## The rounds

- **Oct 2025** Series A **$4.3M** [IAN Alpha Fund](https://millionrounds.com/fund/ian-alpha-fund) Lead [IvyCap Ventures](https://millionrounds.com/fund/ivycap-ventures) [Navam Capital](https://millionrounds.com/fund/navam-capital) [Speciale Invest](https://millionrounds.com/fund/speciale-invest) Reported by IAN Alpha Fund

## Founders and team

From Morphing Machines's own website: 2 founders, 4 on the team.

**Deepak Shapeti** Co-Founder & Chief Executive Officer

**Dr Ranjani Narayan** Founder & Chief Technical Officer

- **Ananda Chandranna** Director - IP & DV
- **Anjana Ghosh** Senior Director - Customer Success
- **Prashanth M** Director - Architecture & Design
- **Vijayavardhan B** Director - Product

Advisers *Dr S. K Nandy*

## Everyone who backed them

[IAN Alpha Fund](https://millionrounds.com/fund/ian-alpha-fund) VC firm **1** round, led 1

[IvyCap Ventures](https://millionrounds.com/fund/ivycap-ventures) VC firm **1** round

[Navam Capital](https://millionrounds.com/fund/navam-capital) VC firm **1** round

[Speciale Invest](https://millionrounds.com/fund/speciale-invest) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=morphing-machines).

## Quick answers about Morphing Machines

### Who invested in Morphing Machines?

Morphing Machines's investors include IAN Alpha Fund, IvyCap Ventures, Navam Capital and Speciale Invest. IAN Alpha Fund led its latest round.

### How much has Morphing Machines raised?

Morphing Machines has raised $4.3M across 1 round since 2025.

### When did Morphing Machines last raise?

Morphing Machines's most recent round was a Series A of $4.3M in Oct 2025, led by IAN Alpha Fund.

### What was Morphing Machines's biggest round?

Its most recent round, $4.3M in Oct 2025, is also its largest on record.

### Who backed Morphing Machines first?

Morphing Machines's first round on record, in Oct 2025, was backed by IAN Alpha Fund, IvyCap Ventures and Navam Capital and 1 others.

### What stage is Morphing Machines at?

Morphing Machines's latest named round is a Series A, in Oct 2025.

### Where is Morphing Machines based?

Morphing Machines is based in India.

### Who led Morphing Machines's rounds?

IAN Alpha Fund led the Series A in 2025.

## Companies like Morphing Machines

In the same sector, and raised in the last eighteen months.

[**Paar Autonomy** $1.4M · Oct 2026](https://millionrounds.com/company/paar-autonomy)[**CureBay** $57M · Oct 2026](https://millionrounds.com/company/curebay)[**RocketPay** $1.1M · Oct 2026](https://millionrounds.com/company/rocketpay)[**CapGrid** $5.4M · Oct 2026](https://millionrounds.com/company/capgrid)[**Foundry** $81M · Oct 2026](https://millionrounds.com/company/foundry)[**Scimplify** $65M · Oct 2026](https://millionrounds.com/company/scimplify)

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