# MindGrove Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindgrove-technologies

- Industry: Electronics
- Headquarters: India
- Website: www.mindgrovetech.in
- Total disclosed funding: $10M
- Latest round: Series A (Dec 22, 2024)
- Investors on record: 6

## About

Based in Tamil Nadu, India, and founded in 2021 by Shashwath T. R. (CEO) and Sharan Srinivas J. (CTO), MindGrove Technologies operates as a manufacturer of System-on-Chips (SoCS) that are used in various industries. In December 2024, MindGrove Technologies raised USD 8 million in series A funding co-led by new investor Rocketship.vc and returning investor Speciale Invest, with participation from another new investor Mela Ventures. Other returning investors Peak XV Partners, Whiteboard Capital, and individual investors also participated in the round. The company manufactures cost and power-effective microprocessors with applications in industrial automation, automotive, consumer electronics, defense, security, and aviation for purposes like secure access, digital signal processes, application versatility and other low criticality applications. The company intends to use the February 2023 funding to expand its hiring and scale up its technology.

## Funding rounds

- Series A, Dec 22, 2024, $8M — Speciale Invest, Whiteboard Capital, Rocketship.vc, Mela Ventures, Peak XV Partners
- Seed, Feb 23, 2023, $2.3M — Hong Shan, Speciale Invest, Whiteboard Capital

## Investors

- Hong Shan — Seed
- Speciale Invest (https://capitalatlas.ai/funds/speciale-invest) — Seed, Series A
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Seed, Series A
- Rocketship.vc (https://capitalatlas.ai/funds/rocketship-vc) — Series A
- Mela Ventures (https://capitalatlas.ai/funds/mela-ventures) — Series A
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series A