Bengaluru-based semiconductor startup HrdWyr has raised $13 million (around ₹124 crore) in a Series A funding round led by Ideaspring Capital.
The round also saw participation from Singularity AMC, Avatar Growth Capital, and existing investor Persistent Systems.
The company said the fresh capital will be used to accelerate the development of its AI-native semiconductor products and expand customer partnerships in international markets.
Building AI Chips Designed for Real-Time Intelligence
Founded in 2023 by industry veterans Ramamurthy Sivakumar and Guruswamy Ganesh, HrdWyr operates as a full-stack fabless semiconductor startup focused on building AI-native chips for global applications.
Unlike traditional chip companies that mainly license IP or offer semiconductor services, HrdWyr is integrating artificial intelligence directly into chip architecture. This allows devices to process and react to data in real time without depending heavily on cloud infrastructure.
The startup’s technology is designed for industries where power efficiency, low latency, and faster response times are more important than raw computing performance.
Its AI-native system-on-chip (AISoC) products are aimed at sectors including:
- Consumer electronics
- Electric vehicles (EVs)
- Smart appliances and white goods
- Data centres
- Edge AI applications
Partnership With boAt Signals Consumer Tech Push
As part of its expansion strategy, HrdWyr recently announced a strategic collaboration with boAt to strengthen its presence in the consumer technology segment.
The startup describes itself as one of India’s early AI-native semiconductor companies focused on enabling physical AI applications and next-generation intelligent devices.
India’s Semiconductor Ecosystem Gaining Momentum
The funding comes at a time when India’s semiconductor industry is witnessing rapid growth driven by rising government support, increasing domestic demand, and global supply chain diversification .
India’s deep-tech and semiconductor ecosystem has been witnessing strong momentum in recent months, with growing investments flowing into AI infrastructure, chip manufacturing, and next-generation computing startups
According to Malik times “India’s Semiconductor Uprising Report 2026,” India’s semiconductor market is expected to grow from around $62 billion in 2026 to nearly $155 billion by 2031.
The Indian government has also been aggressively pushing semiconductor manufacturing through the India Semiconductor Mission.
Under the initiative, the Centre has committed nearly ₹76,000 crore toward semiconductor fabrication, chip design, and manufacturing incentives.
Earlier this month, the Union Cabinet approved two new semiconductor manufacturing projects worth ₹3,936 crore in Gujarat, taking the total number of approved projects under the mission to 12.
Investor Interest in AI Infrastructure Startups Rising
Investor confidence in semiconductor and AI infrastructure startups has also been increasing steadily in India.
Earlier this year, Bengaluru-based Turiyam.ai raised funding to build AI compute infrastructure focused on inference workloads.
Startups working on edge AI chips, RISC-V architecture, analogue design, and advanced packaging technologies are also attracting fresh investments as India positions itself as a growing semiconductor hub.
Industry estimates suggest that more than 130 semiconductor startups are currently active across the country.
HrdWyr’s latest funding round highlights the growing investor confidence in India’s semiconductor and AI hardware ecosystem.
As demand for AI-powered devices, edge computing, and real-time processing continues to rise globally, startups building efficient and intelligent semiconductor solutions are expected to play a major role in the next phase of India’s deep-tech growth story.
By MalikTimes Tech Desk
Fact-Checked & Verified by MalikTimes Editorial Team
Last Updated: 12 May 2026
