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Mindgrove Technologies

Mindgrove Technologies Private Limited Chennai, Tamil Nadu Founded 2021 mindgrovetech.in ↗
Shashwath T R · CEO & Co-founder Sharan Srinivas J · CTO & Co-founder
$10.35 MnTotal funding (tracked)
2Funding rounds
23 Dec 2024Last round

Mindgrove Technologies: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Made in India — in-house chip design

Every chip we build is designed in-house. What you need is what we build.

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Versatile across sectors

Our chips can be used in IoT, Vision, Analytics, AI inferencing and Signal processing.

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Secure IoT — low-power SoC with security baked in

28nm, 700 MHz low power SoC for IoT and embedded devices with security baked into the silicon

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Vision SoC — GHz-class edge/vision performance

A GHz class processor for High performance Edge and Computer Vision workloads- built for industrial, automotive, and consumer devices

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Customer Segments

Automotive

Infotainment systems, ADAS, telematics

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Wearables

Fitness trackers, smartwatches, healthcare monitors, hearables

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Industrial Automation

Factory automation & controllers, smart meters & utilities

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Vision Systems

CCTV cameras, IP cameras, digital video recorders, network video recorders

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Smart Living

Connected appliances (fans, ACs, fridges, washers), smart home devices

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Security Systems

Biometric terminals, smart locks, authentication devices

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Customer Relationships

No cited public information yet.

Channels

No cited public information yet.

Key Activities

SoC architecture, design & development

In-house design of System-on-Chips, from architecture through development.

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SoC emulation on FPGA

Emulating chip designs on FPGA ahead of tape-out.

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RTOS porting & embedded software

Bare-metal driver development and RTOS porting for its SoCs.

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Key Resources

Shakti RISC-V core IP (IIT Madras RISE Lab)

Mindgrove's SoCs are built on the Shakti core microprocessor, an industrial-grade RISC-V core developed at IIT Madras's RISE Lab under MeitY's Digital India RISC-V programme.

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Key Partnerships

IIT Madras incubation

Mindgrove is incubated by IITM Pravartak Technologies Foundation and IIT Madras Incubation Cell.

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Outsourced fabrication, packaging & testing partners

As a fabless chip designer, Mindgrove outsources SoC fabrication, packaging and testing to manufacturing partners.

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Pinetics

Partnership to build locally developed system-on-module (SoM) platforms for applications such as smart locks, biometric access devices, and surveillance cameras.

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Revenue Streams

No cited public information yet.

Cost Structure

No cited public information yet.

FAQs on Mindgrove Technologies

What is Mindgrove Technologies's business model?

Mindgrove Technologies's core value proposition centers on Made in India — in-house chip design, Versatile across sectors, Secure IoT — low-power SoC with security baked in, Vision SoC — GHz-class edge/vision performance.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.mindgrovetech.in · Last verified 18 Jul 2026. · Report a correction