# Mindgrove Technologies: Semiconductors, Chennai, India

> Mindgrove Technologies: Mindgrove Technologies is an innovative deep-tech startup and fabless semiconductor design company based in Chennai, Tamil Nadu.

Source: https://millionrounds.com/startup/mindgrove-technologies (Millionrounds; every figure on the page links to its filing or article)

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

# Mindgrove Technologies

Mindgrove Technologies is an innovative deep-tech startup and fabless semiconductor design company based in Chennai, Tamil Nadu.

Email

Funding reported Last round: Seed

Semiconductors Chennai, India

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Company summary

- **Founded:** 2021 5 years old
- **Team:** 61 51 to 200 people
- **Funding reported:** 195M as listed, currency not stated
- **Last round:** Seed Feb 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Mindgrove Technologies has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Mindgrove Technologies

Mindgrove Technologies is an innovative deep-tech startup and fabless semiconductor design company based in Chennai, Tamil Nadu.

Founded in 2021, the company operates from the IIT Madras Research Park and focuses on designing high-performance, cost-effective, and secure System-on-Chips (SoCs) for various applications. Mindgrove aims to enhance India's semiconductor landscape by reducing reliance on foreign chips and establishing the country as a leader in semiconductor intellectual property. The company specializes in custom SoC design, secure silicon architecture, and RISC-V processor innovation. Its flagship products include the Secure IoT SoC, which is India's first high-performance microcontroller for the IoT market, and the Vision SoC, designed for advanced camera processing and embedded vision applications. Mindgrove serves a diverse range of industries, including consumer electronics, industrial automation, automotive, defense, healthcare, and IoT, with a mission to provide secure and cost-effective solutions tailored to emerging markets.

## What company datasets say Mindgrove Technologies raised

Funding, as reported

Reported in all **195M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **8M**

Last round date **Feb 2023**

Investors listed **5**

## Founders and team

From Mindgrove Technologies's own website: 2 founders.

**Shashwath T R** CEO & Co-founder

**Sharan Srinivas J** CTO & Co-Founder

## On 2 portfolio pages

Investors who name them

- [Whiteboard Capital](https://millionrounds.com/fund/whiteboard-capital)
- [rocketship.vc](https://millionrounds.com/fund/rocketship-vc)

Each firm lists Mindgrove Technologies on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

biometric modules edge ai processors hardware industrial automation health care secure iot semiconductor manufacturing consumers power-efficient chips video encoding (h.264/h.265) india chip ecosystem transportation_logistics smart camera soc manufacturing computer & network security chip software co-design

Built with from their website

Google Tag Manager Amazon CloudFront Clarity SDM YouTube Google Workspace CloudFlare Viewport Meta Webflow Hosting Google Meet CloudFlare CDN

+8 more

ANSYS Mobile Friendly Open Graph jQuery Swiper Microsoft Clarity Zoho SalesIQ Cloudflare DNS

- **Sector:** Semiconductors
- **Industry code:** NAICS 334413, SIC 3671, 3674
- **Region:** Tamil Nadu
- **Revenue:** 800k a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mindgrove)

## Semiconductors in India

Startups like it

- [**Greenjoules** Khed · founded 2018](https://millionrounds.com/startup/greenjoules)
- [**Neuron Energy** Mumbai · founded 2018](https://millionrounds.com/startup/neuron-energy)
- [**Vana Vidyut Private Limited** Ahmedabad · founded 2012](https://millionrounds.com/startup/vana-vidyut-private-limited)
- [**GPS Renewables** Bengaluru · founded 2012](https://millionrounds.com/startup/gps-renewables-2)
- [**FrenusTech Pvt Ltd** Bengaluru · founded 2017](https://millionrounds.com/startup/frenustech-pvt-ltd)
- [**Sunborne Energy Technologies** Gurugram · founded 2008](https://millionrounds.com/startup/sunborne-energy-technologies)
- [**Tessolve** Bengaluru · founded 2004](https://millionrounds.com/startup/tessolve)
- [**Renkube** Bengaluru · founded 2017](https://millionrounds.com/startup/renkube)

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