Morphing Machines raises $2.76M in a seed round led by Speciale Invest and supported by IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC to develop REDEFINE, a many-core processor Soft IP.
Jun 26, 2024•over 1 year ago
Amount Raised
$2.76 Million
Round Type
seed
Investors
De VcCiie InitiativesNavam CapitalGolden SparrowIvy Cap VenturesSpeciale Invest
Description
Fabless semiconductor startup Morphing Machines has secured $2.76 million in its seed round, which was led by Speciale Invest and supported by IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC. The funding will be used to ramp up product development, expand the engineering team, and support go-to-market initiatives.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers