Morphing Machines raises Rs 38.36 Cr in Series A round led by IAN Alpha Fund

Morphing Machines, a Bengaluru-based fabless semiconductor IP company, has raised Rs 38.36 crore ($4.32 million) in a Series A funding round led by IAN Alpha Fund, with participation from Speciale Invest, IvyCap Ventures, and Navam Capital.

Existing investors from the company’s seed round including Speciale Invest, IvyCap Ventures, Navam Capital, Golden Sparrow Ventures, IIMA Ventures, and DeVC also participated in this round.

Earlier in June last year, the firm had raised $2.76 million in its seed round led by Speciale Invest and others. 

The…