Bengaluru-based Calligo Technologies is raising $12-15 million to scale its RISC-V silicon chip, which is designed for energy-efficient AI and supercomputing applications, with US-based BIG Capital expected to lead the round.
Why it matters
This funding round for Calligo Technologies is significant as it underscores the growing investment in specialized hardware crucial for powering advanced AI and supercomputing. As AI models become more complex and resource-intensive, the demand for energy-efficient, high-performance computing solutions like Calligo's RISC-V chips is paramount. It also signals India's increasing prominence in the global semiconductor and AI hardware development landscape, attracting international capital for indigenous innovation.
An Indian tech company called Calligo is getting a significant investment to expand its business. They create special computer chips that are highly efficient for running advanced AI programs and supercomputers. This move shows that investors are keenly interested in companies building the foundational hardware that makes powerful AI possible, particularly those emerging from India.
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