Semiconductor Startup C2i Raises $15 Mn From Peak XV, Others

Semiconductor startup C2i Semiconductors has raised $15 Mn (around ₹136 Cr) in its Series A funding round led by Peak XV Partners, with participation from TDK Ventures and existing backer Yali Capital.

The startup plans to use the funds to accelerate the development of “next-generation, high-density, ultra-reliable system-level power delivery solutions” for AI computing.

Founded in 2024 by Vikram Gakhar, Preetam Charan Anand Tadeparthy, and Ramprasad Ananthaswamy, C2i (abbreviation for conversion, control, and intelligence) Semiconductors is is building power management solutions for the next generation of AI data centres and cloud infrastructure.

With increasing AI workloads scale and compute density, power delivery has emerged as a critical constraint for the design of modern data centres. C2i is addressing this challenge by building configurable, platform-based power architectures spanning the stack from grid to core, rather than making incremental improvements in individual components.

The startup claims that its approach enables higher power density, simpler system design, and faster deployment, while meeting the reliability requirements of large-scale AI infrastructure.

Prior to this round, the Bengaluru-based startup bagged $4 Mn from Yali Capital in November 2024.

The funding comes at a time when the Centre has taken a number of startups to promote semiconductor manufacturing in the country. The latest such move was the announcement of India Semiconductor Mission 2.0, in the Union Budget 2026-27, to produce equipment and materials, design full-stack Indian IP, and fortify supply chains.

The country has already established a strong presence in the design and assembly segments. The Design Linked Incentive (DLI) scheme currently supports 24 startups, with a target of enabling at least 50 fabless semiconductor companies in India in the next phase.

In line with the government push, investors are aggressively backing semiconductor startups. Such startups raised about $50 Mn in 2025 as against over $28 Mn secured in 2024, according to Inc42’s ‘Annual Indian Startup Trends Report, 2025’.

In November, semiconductor startup Sophrosyne Technologies raised $2 Mn (about ₹17.7 Cr) to accelerate the transition from prototype silicon to full-scale product commercialisation. Prior to that, Morphing Machines bagged ₹38.4 Cr (about $4.3 Mn) to build and test its first chip and strengthen its product.

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