About InCore
InCore is a Technology company based in Chennai (India) founded in 2018 by Arjun Menon, Gautam Doshi, Neel Talakshi Gala, and G S Madhusudan. It operates as a RISC-V core generators and custom silicon designs are developed. InCore has raised $3 million across 2 funding rounds from investors including Peak XV Partners, Speciale Invest and Whiteboard Capital. The company has 33 employees. Its chief executive is G S Madhusudan. Its website incoresemi.com draws about 23 thousand monthly visits. Its Indian entity Incore Semiconductors Private Limited reported revenue of ₹1.89 Cr. InCore offers products and services including SoC-Generator, RISC-V Cores, and Reference SoC Designs. Its focus areas include Semiconductors, Embedded Systems, IP Core and Embedded Processor. Its competitors include VeriSilicon, SiliConch, OPENEDGES, Movellus and MIPS Computer Systems and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
InCore was founded in 2018 in Chennai, India, within the semiconductor sector. Tools for configuring RISC-V cores at ISA and microarchitecture levels are supplied, along with reference system-on-chip designs. An automated platform for system-on-chip creation is maintained. Access programs, ecosystem partnerships, and chip design resources are extended to support custom silicon solutions across global operations.
- Headquarters Chennai, India
- Employees 33
- Founders Arjun Menon, Gautam Doshi, Neel Talakshi Gala, G S Madhusudan
- SectorsTechnology
- Email••••••••
- Website incoresemi.com
- Social LinkedIn X
- Legal Name Incore Semiconductors Private Limited
- Date of Incorporation 11 May, 2018
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.89 Cr
FY 2025 · +45% YoY
- Net Loss-₹7.74 Cr
FY 2025 · -409% margin
- EBITDA-₹7.62 Cr
FY 2025 · -403% margin
- Total Equity Funding$3M (USD)
in 2 rounds
- InvestorsPeak XV Partners
& 3 more
- Employee Count33
Associated legal entities of InCore
InCore operates through Incore Semiconductors Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Incore Semiconductors Private Limited CIN U74999TN2018PTC122631 | Active | 11 May 2018 | Chennai, Tamil Nadu | ₹1.9 Cr | 33 | 2 | View details |
Products & Services of InCore
InCore offers a comprehensive portfolio of products and services, including SoC-Generator, RISC-V Cores, and Reference SoC Designs.
Automated platform for simplifying SoC design workflows
Configurable cores for custom chip development
Pre-built designs for RISC-V based systems
Funding Insights of InCore
InCore has successfully raised a total of $3M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 2
- First Round $3M
(May 2023)
- Investors Count 4
All 2 funding rounds of InCore with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | – | Seed | – | – | |
| May 2023 | $3M | Seed | – | Peak XV Partners |
4 investors in total: 4 institutional.
Investors in InCore
InCore has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Peak XV Partners, Speciale Invest and Whiteboard Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Acceleration is provided to startups across multiple sectors by Surge. | – | surgeahead.com | - | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Investing in deep tech startups with a focus on early-stage innovations in technology and engineering. | 2017 | specialeinvest.com | Bengaluru, India | |
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India |
Investor details for InCore
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Incore Semiconductors Private Limited (InCore)
Incore Semiconductors Private Limited is the primary company behind InCore. The board of Incore Semiconductors Private Limited currently have 2 directors; the longest-serving is Garudapuramsrikrishnadesi Madhusudan, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Garudapuramsrikrishnadesi Madhusudan DIN 06448043 | Managing Director | 11 May 2018 | 8 yrs 5 mo | Incore Semiconductors Private Limited |
| Neel Talakshi Gala DIN 08058917 | Whole-time director | 11 May 2018 | 8 yrs 5 mo | Incore Semiconductors Private Limited |
People of InCore
4 people are tracked at InCore (4 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
Arjun Menon | Co-Founder & Chief Engineer | Leadership |
Gautam Doshi | Co-Founder & Chief Architect | Leadership |
| Co-Founder & CTO | Leadership | |
G S Madhusudan | Co-Founder & CEO | Leadership |
Complete people profiles for InCore
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Financials of InCore
Figures of Incore Semiconductors Private Limited, the primary company behind InCore, for FY 2025. Revenue was ₹1.89 Cr (+45% year on year). Net loss was -₹7.74 Cr (-409% margin). EBITDA was -₹7.62 Cr (-403% margin). Revenue has grown at a compounded annual rate of +2336% over three years and +84% over five years.
- ₹1.89 CrRevenue · FY 2025 · +45% YoY
- -₹7.74 CrNet loss · -409% margin
- -₹7.62 CrEBITDA · -403% margin
- ₹2.8 LakhPaid-up capital
- 33Employees (provident fund records)
- +2336%Revenue CAGR, 3 years
- +84%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Incore Semiconductors Private Limited are on its company page.
Detailed financial statements for InCore
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of InCore
3 dated milestones of InCore across 5 years, from founding to its latest funding, stage changes and deals.
- Founded InCore is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Seed,.
Competitors of InCore
InCore has 8 listed competitors in our database, 7 of them funded. They include VeriSilicon, SiliConch, OPENEDGES, Movellus and MIPS Computer Systems, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verisilicon.com | 2001 | Shanghai, China | $92.34M | 60 | Silicon platform-as-a-service is offered for SOC and SIP design solutions. | |
| siliconch.com | 2016 | Bengaluru, India | $3.35M | 41 | Semiconductor intellectual property cores and design services are provided. | |
| openedges.com | 2015 | Seoul, South Korea | $2.7M | – | AI-based IP cores for integrated circuits are provided by OPENEDGES. | |
| movellus.com | 2014 | Ann Arbor, United States | $37.5M | – | Provider of a cloud-based development platform for SoCs | |
| mips.com | 1984 | Sunnyvale, United States | – | 22 | RISC processor IP is licensed for embedded systems applications. | |
| morphing.in | 2006 | Bengaluru, India | $7.18M | 24 | Runtime reconfigurable embedded processors for high-performance computing are developed. | |
| tensilica.com | 1997 | Santa Clara, United States | $86.45M | 120 | Customizable dataplane processor IP cores are developed for SoC designs. | |
| vypercore.com | 2022 | Cambridge, United States | $4.98M | – | RISC-V microprocessors are designed and developed for computing workloads. |
Detailed competitors of InCore
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of InCore
The website of InCore (incoresemi.com) receives about 22.9K visits a month.
- Monthly visits22.9K
▲ 65.9% vs previous month
Top companies in Embedded & Flexible Electronics
10 companies that operate in the same segment as InCore (Embedded & Flexible Electronics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
RF MEMS-based oscillators and resonators are supplied for diverse applications. | 2004 | Sunnyvale, California, United States | USD 51.97 M | USD 326.66 M | 395 | |
Single board computers are supplied for educational computing and programming. | 2008 | Cambridge, Cambridgeshire, United Kingdom | USD 45 M | – | – | |
Flexible displays are researched, developed, and manufactured by Royole. | 2012 | Fremont, California, United States | USD 849.93 M | – | 78 | |
Programmable logic devices and embedded solutions are provided. | 1984 | San Jose, California, United States | – | USD 154.19 M | 1,516 | |
AI-enabled image processors are manufactured for ADAS and security applications. | 2004 | Santa Clara, California, United States | USD 15.4 M | USD 390.7 M | 941 | |
Electronic paper displays for eBooks and devices are manufactured. | 1997 | Boston, Massachusetts, United States | USD 52.8 M | – | 2,900 | |
Developer of AI-based chips for machine vision tasks | 2016 | Pudong, Shanghai, China | USD 500 M | – | 188 | |
System-on-chips for connected applications and secure IoT devices are developed. | 2021 | Chennai, Tamil Nadu, India | USD 10.58 M | USD 78.73 K | 36 | |
Provider of an open-source electronics prototyping platform | 2005 | Malmo, Sweden | USD 54 M | – | – |
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Related news about Incore
Complete news archive for InCore
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Frequently Asked Questions about InCore
InCore was founded in 2018 and raised its 1st funding round 5 years after it was founded.
InCore is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
G S Madhusudan is the current CEO of InCore. They have also founded this company.
InCore is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on May 2023.
InCore has 33 employees.
The primary company behind InCore, Incore Semiconductors Private Limited, reported revenue of ₹1.89 Cr for FY 2025, up 45% year on year.
InCore was founded in 2018 in Chennai, India, within the semiconductor sector. Tools for configuring RISC-V cores at ISA and microarchitecture levels are supplied, along with reference system-on-chip designs. An automated platform for system-on-chip creation is maintained. Access programs, ecosystem partnerships, and chip design resources are extended to support custom silicon solutions across global operations.
InCore's top competitors include VeriSilicon, Morphing Machines and SiliConch.
InCore offers SoC-Generator, RISC-V Cores, and Reference SoC Designs.
InCore has 4 investors. Key investors include Peak XV Partners, Speciale Invest, Whiteboard Capital, and Surge.
InCore operates through Incore Semiconductors Private Limited.
The legal entities of InCore currently have 2 directors, including Garudapuramsrikrishnadesi Madhusudan, Neel Talakshi Gala.