With participation from Yali Deeptech and TDK Ventures, semiconductor firm C2i Semiconductors has raised $15 million in a fundraising round led by Peak XV Partners.

In November 2024, the Bengaluru-based business raised $4 million from Yali Capital, a deeptech venture fund.

Key Highlights

• C2i Semiconductors raises $15 million led by Peak XV to accelerate chip innovation and product development.
• Funding will support R&D expansion, talent acquisition, and next-generation semiconductor solutions for global markets.

According to a press release from the company, the money will be used to assist international expansion, open a US office to be near customers and important decision-makers, and eventually establish an applications and systems engineering team in Taiwan.

C2i Semiconductors, which was co-founded in June 2024 by Ram Anant, Vikram Gakhar, Preetam Tadeparthy Dattatreya Suryanarayana, Harsha S B, and Muthusubramanian N V, is creating power management solutions for cloud infrastructure and AI data centers. System-level advancements that reconsider the way power moves from the grid to the processor core are the company's main focus.

From design to silicon, C2i intends to proceed swiftly. April will see the tapeout of its first product, and July will see the release of its second. Tower Semiconductor in Israel will produce one chip, and GlobalFoundries in Singapore or Dallas would build the other.

Market research projects that capital expenditures for AI infrastructure will amount to $500–600 billion over the next 12–18 months, with the potential to reach $1 trillion by 2030.

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According to C2i, its system-level architecture can greatly increase server lives, boost GPU performance by roughly 3%, and restore 8–10% efficiency. For big deployments, a 10% efficiency increase can result in savings of about 1 kW per server tray, which adds up to hundreds of kilowatts and improves operators' return on investment.

The company stated that it is targeting international corporate players and is already in talks with three or four enterprise server clients to specify components for their next-generation platforms.