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In a significant milestone for India’s deeptech ecosystem, Bengaluru based C2i Semiconductors has successfully closed an extended Series A funding round, raising $16.7 million led by Peak XV Partners. This latest capital infusion brings the company’s total Series A funding to approximately $31.7 million and its overall funding since inception to nearly $36 million — a remarkable achievement for a company barely two years old.
A Company Built for the AI Era
Founded in June 2024 by a team of six engineers Ram Anant, Vikram Gakhar, Preetam Tadeparthy, Dattatreya Suryanarayana, Harsha S B, and Muthusubramanian N V – C2i Semiconductors was conceived with a clear and urgent mandate: to solve one of the most pressing challenges in modern computing. As artificial intelligence workloads grow exponentially, data centres are under immense pressure to deliver power more efficiently, reliably, and intelligently. C2i addresses this challenge by innovating at the system level, bridging the gap between grid level power and the processor core itself.
A Portfolio Built on Proprietary Innovation
What sets C2i apart is its emphasis on proprietary intellectual property. Its flagship product, the Manas Controller, is a software defined solution engineered to function independently of fluctuations in power delivery networks and evolving processor demands. Complementing this is the Sarayu Power Stage, which enables flexible phase operations suited to high current environments. Together, these products support both VPD architecture and advanced voltage regulator configurations, giving data centre operators meaningful control over their power infrastructure.
The company recently announced the tape out of its smart power stage chip — a product entirely conceived, designed, and developed in India by its in house engineering team. This achievement stands as a testament to the depth of domestic semiconductor talent and India’s growing ambition in chip design.
Investor Confidence and the Road Ahead
Peak XV Partners’ continued backing — having led both tranches of the Series A — reflects strong institutional confidence in C2i’s technology and market positioning. Earlier participation from Yali Deeptech, TDK Ventures, and Yali Capital further underscores the breadth of support the company commands across the deeptech investment community.
With fresh capital in hand, C2i Semiconductors is well-positioned to scale its operations, accelerate its product roadmap, and carve out a meaningful presence in the global AI infrastructure market. For India’s semiconductor ambitions, this is precisely the kind of momentum that matters.
