New Delhi, Oct. 8 -- Morphing Machines, a fabless semiconductor IP venture spun out from the Indian Institute of Science (IISc), has raised Rs.38.36 crore in its Series A round, led by IAN Alpha Fund and joined by Speciale Invest, IvyCap Ventures, and Navam Capital. The company, with foundations in deep research and prior government and aerospace projects, is developing a flexible many-core processor designed to address fast-evolving and demanding workloads across AI, analytics, and next-generation enterprise computing.

The company's core product, REDEFINE, is a runtime reconfigurable manycore compute processor. Unlike traditional fixed-architecture chips, this processor is described as able to "dynamically switch between CPU and GPU cap...