Morphing Machines secures $4.32M in Series A funding to fuel chip development & team growth

Morphing Machines, a Bengaluru-based semiconductor IP startup, raised $4.32M Series A led by IAN Alpha Fund, with Speciale Invest and others participating. Founded by Deepak Shapeti, Dr. Ranjani Narayan, and Prof. S.K. Nandy, the company is developing REDEFINE, a manycore processor for AI, data analytics, and HPC. Funds will support their first chip, expand the engineering team to 90+, and launch data center pilots, targeting proof-of-silicon and customer growth in 12–24 months.