Deeptech venture fund Yali Capital on Friday announced an investment of USD 4 million in C2i Semiconductors, a stealth-mode fabless chip design company specialising in analog and mixed-signal technologies, along with semiconductor industry veteran Lip-Bu Tan.
This investment in C2i Semiconductors is Yali Capital’s third venture in the deep tech domain, with another investment anticipated by the end of the year.
“India has forty years of high-quality chip design experience, and a good mix of Analog, RF, memory, Digital and EDA talent. Fabless Chip design is a strong focus area for Yali Capital, and we hope to be part of creating this ecosystem of vibrant, globally competitive chip design companies from India,” said Ganapathy Subramaniam, Founding Managing Partner at Yali Capital.
In a statement, Lip-Bu Tan, advisor to Yali Capital, said, “I strongly believe in Indian talent base in Chip design. We believe C2i Semiconductors has all the needed ingredients to be a globally competitive fabless chip design company. I will be working with Yali Capital closely to create few strong fabless companies from India”
Yali’s strategy is centered on deep tech innovation in India, with key interests spanning chip design, robotics, smart manufacturing, genomics, aerospace, surveillance, and artificial intelligence. Yali Capital, a Sebi-approved Category 2 AIF fund, has set a fundraising target of Rs 500 crore, with an additional Rs 310 crore greenshoe option, and has also established a GIFT City vehicle to facilitate foreign investment in the fund.
