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ByNN Desk
HrdWyr Raises $13 Mn in Series A to Build AI-Native Chips for Edge Devices
HrdWyr has raised $13 million in a Series A round led by Ideaspring Capital. The round also included Singularity AMC, Avatar Growth Capital, and existing investor Persistent Systems.
The Bengaluru-based fabless semiconductor startup HrdWyr will use the capital to develop AI-native system-on-chip products and expand into global markets, with backing from Ideaspring Capital and Persistent Systems.
HrdWyr has raised $13 million in a Series A round led by Ideaspring Capital. The round also included Singularity AMC, Avatar Growth Capital, and existing investor Persistent Systems.
Founded in 2023 by Ramamurthy Sivakumar and Guruswamy Ganesh, HrdWyr is developing AI-native system-on-chip products, which it calls AISoCs. The company embeds AI processing directly into chip architecture so devices can sense, compute, and respond where data is generated instead of sending workloads to the cloud.
HrdWyr is targeting high-volume applications where power efficiency and low latency are critical. Its initial focus areas include consumer electronics, electric vehicles, white goods, and data centers.
The company said it will use the new capital to accelerate chip development and expand customer engagements in global markets.
“The real power of AI will be unlocked as we enter the era of Physical AI,” said Ramamurthy Sivakumar, founder and CEO of HrdWyr. He added that this shift requires a fundamental rethink of how computing systems are designed and deployed.
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The funding comes as India steps up support for domestic semiconductor companies. Under the India Semiconductor Mission, the government has committed approximately ₹76,000 crore for fabrication and design-linked incentives. Earlier this month, the Union Cabinet approved two additional semiconductor projects in Gujarat worth ₹3,936 crore, bringing total approved investments under the program to about ₹1.64 lakh crore.
Naganand Doraswamy, founder and managing partner at Ideaspring Capital, said HrdWyr is building a chip family focused on power efficiency across white goods, electric vehicles, and data centers.
Anand Deshpande, chairman and managing director of Persistent Systems, said advances in chip design will play a critical role in enabling next-generation enterprise and industrial AI applications.
HrdWyr also announced a strategic collaboration with boAt last year, which the company cited as early validation of its edge AI chip strategy.
According to Inc42, India’s semiconductor market is projected to grow from $62 billion in 2026 to $155 billion by 2031, driven by rising domestic demand, policy support, and global supply chain diversification.
Disclaimer: This news is based on publicly available information. NervNow has not independently verified any claims.
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