# Steradian Semiconductors Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/steradian-semiconductors-pvt

- Industry: Semiconductors
- Headquarters: Bangalore, India
- Website: www.steradiansemi.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Oct 16, 2020)
- Investors on record: 3

## About

Steradian Semiconductors Pvt. Ltd. is an innovative company specializing in radar technology for automotive and industrial applications, focusing on enhancing sensor solutions in these sectors.Founded in 2016 in Bangalore, India, Steradian Semiconductors Pvt. Ltd. develops advanced radar systems. The company has engaged in 5 funding deals, with the latest being a Series A round amounting to INR 154.36 mn, backed by investors such as Endiya, Inflexor Ventures, and Renesas Electronics Corporation. The total amount raised by the company is INR 154.36 mn, with a current valuation of INR 982.224 mn. The founder, Alok Joshi, has a history of entrepreneurial ventures that preceded Steradian.Steradian Semiconductors is dedicated to developing advanced semiconductor solutions, with a focus on radar technology. Their products are designed for automotive and industrial applications, including advanced driver assistance systems (ADAS) and other sensing technologies, addressing the growing need for innovative sensor solutions in these industries.For the year 2023, Steradian Semiconductors reported revenue of INR 3,064,358.80, alongside an EBITDA loss of INR 5,998,150.20, reflecting the financial dynamics of a developing technology firm in a competitive sector.Looking ahead, Steradian Semiconductors plans to leverage its recent funding from the Series A round completed on August 31, 2022, to expand its product offerings and increase market penetration. The acquisition by Renesas Electronics Corporation is aimed at enhancing their radar market presence and strengthening their automotive and industrial sensing solutions. The company is strategically focusing on launching new radar products and expanding into international markets, which are essential for their growth strategy.

## Funding rounds

- Series A, Oct 16, 2020, $2.1M — Renesas Electronics Corporation, Inflexor Ventures, Endiya
- Series A, May 29, 2020, $0.7M — Renesas Electronics Corporation, Endiya
- Seed, Jul 20, 2018, $2M — Endiya

## Investors

- Endiya (https://capitalatlas.ai/funds/endiya) — Seed, Series A
- Renesas Electronics Corporation — Series A
- Inflexor Ventures (https://capitalatlas.ai/funds/inflexor-ventures) — Series A