
Chennai-based semiconductor startup OptoML has raised US$1.8 million in a pre-Series A funding round led by deep-tech venture capital firms Bluehill VC and A99. The fresh capital will help the fabless chipmaker accelerate hiring and begin work on its next-generation chips, as it moves toward completing its final tape-out with Taiwan Semiconductor Manufacturing Company (TSMC).
The funding marks an important milestone for the young company, which is positioning itself as a key player in the fast-growing AI infrastructure market.
OptoML develops scalable analog-in-memory compute solutions combined with optical interconnects. Its technology is designed to serve a wide range of AI deployments, from edge devices to hyperscale data centers.
The company aims to improve both cost and energy efficiency in AI workloads, an area that has become critical as demand for computing power continues to surge globally.
In addition to raising funds, OptoML has signed a memorandum of understanding (MoU) with Kaynes Semicon. The agreement will support assembly and testing of wafers, strengthening the company’s manufacturing and supply chain capabilities as it prepares for commercialization.
Founder and CEO Saravana Maruthamuthu said the partnership with Bluehill VC will help the company transition from successful test chips to scaled production and customer deployments.
OptoML was founded by Saravana Maruthamuthu, who brings over 17 years of semiconductor and systems experience. His career includes nearly a decade in Germany, with roles at Intel, Qualcomm, Continental, and Isar Aerospace.
With fresh capital, strong investor backing, and strategic partnerships in place, OptoML is taking significant steps toward commercializing advanced AI chips. As India pushes to strengthen its semiconductor ecosystem, startups like OptoML could play a vital role in shaping the country’s deep-tech future.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Feb 24, 2026, 12:50 PM IST

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