Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), an investment management firm backed by the government of Tamil Nadu, has invested Rs 200 million in Chennai based fabless semiconductor start up Aheesa Digital Innovations Private Limited.
The investment is being made through the Tamil Nadu Emerging Sector Seed Fund (TNESSF) and will support Aheesa as it moves from the tape out stage to commercialisation.
Founded in 2021, the start up’s founding team brings more than 25 years of experience each in semiconductors, deep technology entrepreneurship and global technology companies such as Amazon, Microchip Technology and American Megatrends.
Aheesa’s flagship product, VIHAAN I, is a RISC V based 28 nanometre (nm) system on chip (SoC) designed for broadband and optical access networks. The project is supported under the Ministry of Electronics and Information Technology (MeitY) Design Linked Incentive (DLI) scheme. The chip aims to support semiconductor self-reliance for 5G edge artificial intelligence and internet of things (IoT) deployments, enabling domestic original equipment manufacturers to reduce dependence on imports.
