Calligo Technologies, a semiconductor firm, has raised $1.1 million in a pre-Series A financing backed by Artha Venture Fund and Seafund.

KITVEN and others had earlier contributed $1.57 million to the Bengaluru-based startup.

According to a press statement from Calligo, the money will be utilized for R&D costs to create the ver 2.0 silicon chip and platform, as well as to boost its technical prowess and engineering skills.

Anantha Kinnal, Rajaraman Subramanian, and Vinay N. Hebbali co-founded Calligo Technologies in 2012 with the goal of creating products and solutions for workloads involving AI, Big Data, and HPC. In order to support large-scale modeling and simulations in HPC systems and large-model training and inference in AI systems, the company seeks to address computing performance bottlenecks.

The RISC-V C/C++/gFortran/Python compilers, frameworks, and libraries have been altered by CalligoTech to support Posits and produce Posit-enabled executables natively. Its method runs HPC/AI applications without requiring source-level changes.

Industry research estimates that the semiconductor industry in India will develop at a compound annual growth rate (CAGR) of 10.1% from 2024 to 2032, from its 2024 valuation of $6.67 billion to $14.09 billion.

CalligoTech says it has worked with U.S. colleges, national labs, and supercomputing facilities over the past 12 months to soft-launch its operations in the U.S. and increase access to tech talent. Additionally, the business received First Pass Silicon Ver 1.0, constructed an accelerator board, and began distributing to clients.