MindGrove Tech

About MindGrove Tech

Mindgrove Technologies, a fabless semiconductor company, is making strides in India's technology sector by designing and producing high-performance System on Chips (SoCs). The company's core products are commercial-grade microprocessors based on the open-source RISC-V instruction set architecture, a significant development in the domestic semiconductor industry.

Mindgrove's flagship product, the Secure IoT SoC, is a versatile and powerful chip designed for a wide array of connected devices. The company targets high-growth markets such as smart home automation (including smart locks and fans), biometric authentication systems, retail technology (thermal printers and PoS devices), and smart utility meters. By providing the foundational hardware for these applications, Mindgrove is positioning itself as a key enabler of the Internet of Things (IoT) ecosystem in India.

The company's business model revolves around designing these SoCs and likely licensing the designs or selling the chips to original equipment manufacturers (OEMs) and other businesses that are building connected devices. The recent closing of an $8 million Series A funding round, led by Rocketship.vc and Speciale Invest, underscores investor confidence in Mindgrove's growth potential and its role in building a self-reliant Indian semiconductor industry.