A SEBI signed up early phase technology-focused VC fund, Inflexor Technology Fund on Wednesday revealed its
0; very first financial investment
0; in a deep tech start-up Steradian Semiconductors that is establishing 4D imaging radar options for Autonomous Vehicles with their exclusive and trademarked IP.
This financial investment will be utilized by Steradian Semiconductors to speed up item advancement and scale up in the international markets.
Commenting on the financial investment, Venkat Vallabhaneni, Managing Partner, Inflexor Ventures
&#x 201C; Steradian group includes experience in structure and scaling innovation items with worldwide business. As the world moves towards greater levels of automation, we see their innovation play an important function in the automobile market. With our concentrate on support business with deep tech and innovation IP that can scale worldwide from India, we feel Steradian is poised for its next phase of development and we are delighted to partner with them. &#x 201D; READ Inflexor Ventures marks initially close of Rs 500 Cr innovation fund
A sector-agnostic fund, Inflexor Ventures thatinvestsin Pre-Series A to Series A+ phases in B2B/Enterprise start-ups in September had marked the very first close at Rs 230 crore . The fund has a target corpus of Rs 500 crore( plus green-shoe choice of Rs 200 crore) which it prepares to raise over the next couple of months from worldwide and domestic financiers.
Founded in 2016 by Gireesh Rajendran, Ashish Lachhwani, Apu Sivadas, Rakesh Kumar and Alok Joshi, Steradian Semiconductors establishes high-resolution 4D imaging radar option which can be released in autos along with for traffic tracking.
&#x 201C; Steradian has actually opened a brand-new world of safe self-governing driving systems with its commercially practical and ingenious radar service. Our clients and business partners have actually verified the option on-field in trials and backed the ability of our high-resolution imaging radar innovation. We are likewise delighted to partner with Inflexor which shares our vision and will bring great deal of experience and worth contribute to us,” included Gireesh Rajendran, Co-founder
0; Steradian Semiconductors Pvt Ltd.
Edited by Kanishk Singh
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