IIT Madras-backed Mindgrove raises $2.32 mn from Sequoia, others

IIT Madras-backed semiconductor startup Mindgrove Technologies has raised $2.32 million in a seed funding round led by Sequoia Capital India. The round also saw participation from Whiteboard Capital, Speciale Invest and Mad Street Den CEO Ashwini Asokan. Founded in 2021, the startup designs System-on-Chips (SoCs) for automobile, aviation, consumer electronics and other sectors.