Ideaspring leads the investment, Persistent follows suit; this combination is quite interesting—industrial capital is starting to step in and develop chips.

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CryptoFrontier
HrdWyr Raises $13M Series A for AI Chip Development
Bengaluru-based fabless chip startup HrdWyr raised US$13 million in a Series A funding round led by Bengaluru venture firm Ideaspring Capital on May 12. Singularity AMC, Avatar Growth Capital, and Persistent Systems also participated in the round. The company plans to use the funding to develop
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