About InCore
InCore is a company based in Chennai (India) founded in 2018 by Arjun Menon, Gautam Doshi, Neel Talakshi Gala, and G S Madhusudan. 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 as of September 08, 2025. InCore offers products and services including SoC-Generator, RISC-V Cores, and Reference SoC Designs. InCore operates in a competitive market with competitors including VeriSilicon, SiliConch, OPENEDGES, Movellus and MIPS Computer Systems, among others.
- Headquarter Chennai, India
- Employees 33 as on 08 Sep, 2025
- Founders Arjun Menon, Gautam Doshi, Neel Talakshi Gala, G S Madhusudan
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Incore Semiconductors Private Limited
- Date of Incorporation 11 May, 2018
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$152.45 K (USD)413.3as on Mar 31, 2024
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Net Profit
-$607.79 K (USD)-315.05as on Mar 31, 2024
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EBITDA
-$744.14 K (USD)-415.17as on Mar 31, 2024
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Peak XV Partners
& 3 more
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Employee Count
33
as on Sep 08, 2025
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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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(12 May 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - InCore | Valuation |
investors |
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| May, 2023 | Amount | Seed - InCore | Valuation | Peak XV Partners |
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 |
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Acceleration is provided to startups across multiple sectors by Surge.
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Venture capital firm investing in startups and providing support programs.
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Investing in deep tech startups with a focus on early-stage innovations in technology and engineering.
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Investments & Acquisitions by InCore
Financial Statements - InCore
Incore Comparisons
Competitors of InCore
InCore operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VeriSilicon, SiliConch, OPENEDGES, Movellus and MIPS Computer Systems, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Silicon platform-as-a-service is offered for SOC and SIP design solutions.
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| domain | founded_year | HQ Location |
Semiconductor intellectual property cores and design services are provided.
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| domain | founded_year | HQ Location |
AI-based IP cores for integrated circuits are provided by OPENEDGES.
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| domain | founded_year | HQ Location |
Provider of a cloud-based development platform for SoCs
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| domain | founded_year | HQ Location |
RISC processor IP is licensed for embedded systems applications.
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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 12, 2023.
As of Sep 08, 2025, the latest employee count at InCore is 33.
Annual revenue of InCore is $152.45K as on Mar 31, 2024.
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.