Fabless semiconductor start-up Netrasemi Pvt. Ltd., incubated at the State-run TrEST Research Park, has successfully raised ₹107 crore in an achievement that could fuel Kerala’s deep-tech ambitions.

Higher Education Minister R. Bindu said the investment in the start-up’s Series A funding round (first round of venture capital funding after a start-up receives initial seed funding) was led by Zoho Corporation and Unicorn India Ventures.

“This is a significant leap for Kerala’s growing semiconductor ecosystem. Netrasemi’s success adds momentum to the State’s deep-tech vision and proves the value of fostering innovation through academic-industry collaboration,” the Minister said.

Founded in 2020 by Jyothis Indirabhai, Sreejith Varma and Deep Geetha, Netrasemi is developing a new generation of domain-specific, power-efficient Edge-AI System-on-Chips (SoCs).

These chips are being widely adopted in sectors such as robotics, autonomous systems, smart IoT devices and surveillance technologies. Flagship products like Netra A2000 and R1000 are already in commercial use, offering cutting-edge solutions powered by a patented heterogeneous parallel processing architecture capable of supporting over 100 AI/ML applications, the Minister added in a statement.

The start-up has also received backing from the Ministry of Electronics and Information Technology (MeitY) under its Design Linked Incentive (DLI) and Chips to Start-up (C2S) schemes.

Modelled after the IIT Madras Research Park, TrEST Research Park was established to offer world-class R&D infrastructure and mentorship, and turn academic research into market-ready solutions.