chennai incore semiconductors a fablesssemiconductor startup focused on building riscv based processor solutions has raised 3 million in a seed funding round from sequoia capital india launched in 2018 the company helps its customers with processor intellectual property ip solutions for industrial solutions in automotive industrial automation and general electronicsarm advanced risc machine has been the dominant processor architecture and is widely used in smartphones tablets and other mobile devices riscv is an open and royaltyfree instruction set architecture isa that is now challenging the monopoly held by arm open architecture means anyone can access and modify the processor architecture without any licensing fees or restrictionsincore will use the funds to ramp up its sales and marketing efforts worldwide expand its current range of three processors and enhance its portfolio of corehub generators and reference soc systemonchip platforms incore is working to have a full suite of accelerators and core though there is a lot of talk about fabs in india the need of the hour is semiconductor product development and research and we must focus deeply on designing chips costing less than 25 this way india can capture 1025 of the global embedded semiconductor industry g s madhusudan ceo incore said incore is a team of around 10 people based out of the iitm research park and the company is actively hiring and says it will be a team by the end of the year the founding team includes g s madhusudan ceo neel gala cto and arjun menon chief cngineer who played a crucial role in iitmadras project shakti