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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by InCore
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - InCore
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Incore
Frequently Asked Questions about InCore
When was InCore founded?
InCore was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is InCore located?
InCore is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of InCore?
G S Madhusudan is the current CEO of InCore. They have also founded this company.
Is InCore a funded 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.
How many employees does InCore have?
As of Sep 08, 2025, the latest employee count at InCore is 33.
What is the annual revenue of InCore?
Annual revenue of InCore is $152.45K as on Mar 31, 2024.
What does InCore do?
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.
Who are the top competitors of InCore?
InCore's top competitors include VeriSilicon, Morphing Machines and SiliConch.
What products or services does InCore offer?
InCore offers SoC-Generator, RISC-V Cores, and Reference SoC Designs.
Who are InCore's investors?
InCore has 4 investors. Key investors include Peak XV Partners, Speciale Invest, Whiteboard Capital, and Surge.
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