1 year ago
IIT-M Incubated Mindgrove to Launch IoT Chips in Six Months
Imagine a company in India, Mindgrove, that's making tiny computer chips for all sorts of devices like smartwatches and security cameras.
They're like the brains of these devices!
They're about to start selling their chips to companies.
These chips are made in India, and the government wants more companies to use Indian-made chips.
Mindgrove is also working on a new chip that's even better, especially for cameras and smart devices.
They recently got money to help them make and sell their chips, which will be ready in about six months.
Mindgrove Technologies, incubated at IIT-M, is set to launch its Secure IoT chips commercially in approximately six months.
The company has placed its first mass manufacturing order for the chips with its foundry partner.
Mindgrove is developing a second chip, Vision SoC, for high-performance edge computing, including CCTV cameras.
The company is targeting segments requiring Indian-made chips, aligning with government security mandates for CCTV vendors.
Mindgrove closed an $8 million Series A funding round in December 2024 to bring its product to market and design the second chip.
- Who
- Mindgrove Technologies, an IIT-M incubated startup.
- What
- Mindgrove Technologies is launching Secure IoT chips and developing Vision SoC chips.
- Where
- India
- When
- The commercial launch of Secure IoT chips is expected in six months.
- Why
- To meet the growing demand for secure, made-in-India chips for various electronic devices, and to align with government mandates.
Key facts
- Company
- Mindgrove Technologies
- Location
- India
- Chip Type
- Secure IoT and Vision SoC
- Launch Timeline
- Commercial launch in approximately 6 months
- Funding Round
- $8 million Series A (December 2024)
- Primary Application
- Smart devices and CCTV cameras
Quotes
Shashwath T R
Co-founder and CEO of Mindgrove Technologies
“We are going after segments where an Indian entity is required to use an Indian chip. The government has directed CCTV vendors to meet certain security norms, and for data to be stored within India. While these mandates are not directly about the chip itself, meeting them requires chips resistant to tampering. We are supporting them with the development of a new SKU to meet these requirements, or a series of SKUs at different price points and deployments.”
thehindubusinessline.com
“The first time you go to manufacturing, a certain amount of setup is required. We have already placed the order for this setup, which is a one-time, non-recurring expense, to enable mass production. It will take about six months before we get the mass-manufactured devices back, following which we will be able to ship to customers.”
thehindubusinessline.com
