Azimuth AI
Develops highly differentiated ASICs for edge computing applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $11.5m | Early VC | |
| Total Funding | 000k | ||
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Azimuth AI, founded in 2022 by Praveen Yasarapu and Sridevi Badiga, is a silicon product company specializing in the development of highly differentiated Application-Specific Integrated Circuits (ASICs) for edge computing applications. The company is headquartered in Sacramento, California, with an additional office in Hyderabad, India. The founding team possesses extensive experience in the semiconductor industry, having collectively designed and delivered over 30 silicon products while working at prominent companies in Silicon Valley and India.
The company focuses on creating purpose-built System-on-Chip (SoC) products targeting high-growth markets such as smart cities, electric two and three-wheeler vehicles, and other edge computing sectors. Azimuth AI's business model centers on providing custom silicon solutions that offer performance enhancements, cost efficiencies, and improved features over existing market offerings. By developing ASICs, which are tailored for specific functions, the company aims to serve clients seeking differentiation at the chip level, a market segment growing significantly faster than the general-purpose chip market. The firm's revenue is generated through the design, development, and sale of these custom silicon products to Original Equipment Manufacturers (OEMs).
A key milestone for Azimuth AI was securing an $11.5 million venture round in late 2024, co-led by Cyient, a global engineering services company, and Moneta Ventures. This funding is allocated to productize its first-generation SoC for a major global OEM, expand its team, and further develop its roadmap of advanced SoCs. The investment from Cyient, which resulted in a 27.3% stake, underscores a strategic partnership aimed at bolstering capabilities in the semiconductor space, particularly for next-generation power and energy solutions. Azimuth AI is also committed to environmental sustainability and aims to make computing solutions more accessible in cost-sensitive markets.
Keywords: custom silicon, edge computing, ASIC design, System-on-Chip, fabless semiconductor, embedded systems, smart city technology, electric vehicle components, intelligent engineering, semiconductor manufacturing, silicon products, venture capital, technology investment, power solutions, energy efficiency, Hyderabad, Sacramento