Bengaluru, Sept. 20 -- Semiconductor start-up SandLogic is in early talks to raise $30-40 million in Series A funding at a valuation of $200 million, two people aware of the matter said.

Bengaluru-based SandLogic is among India's few chip builders targeting commercial-grade artificial intelligence (AI) applications. The company has already appointed an investment banker, and domestic and foreign venture capitalists have been approached, one of the two people said on the condition of anonymity.

Founded in 2018 by Kamalakar Devaki, Jesudas Fernandes, Radhika Kanigiri and Ravi Kumar Rayana, the Texas- and Bengaluru-based company started as a low-code/no-code platform, before entering enterprise AI and designing its own chip prototypes. Its...