Graphene Semiconductor Services Pvt. Ltd. has received Rupees 4.95 crores in a first phase funding from the Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund).
Graphene is the first company in the semiconductor space to receive the backing of a governmental backed Venture Capital Fund. The SEBI-registered VC Fund chose Graphene for its differentiated focus in semiconductor technology and end-to-end product development.
“The backing reiterates our strong services and solutions in the Semiconductor, Embedded Products and soft-IP business space. We’re the only startup company to offer a complete end-to-end solution from product realization, conceptualization to deploying the product and following up on sustainability,” – Vilas Bhade, CEO Graphene Semiconductor.
Graphene currently employs 120 people and has a market presence in India, US and Japan and has been operating for just a year. The company is focusing on Communication, automotive, industrial and storage space in.
Graphene hopes to build an eco-system of service offerings that meets the demands of the three drivers of business in – Industry, (building products for end-users) Technology (building Intellectual property for emerging products) and Academia (building a talented engineering workforce).