Semiconductor startup C2i has raised $15 million in a funding round led by Peak XV, with participation from other investors, according to a report by Inc42.

The round marks one of the larger recent checks written into a semiconductor-sector startup by Peak XV, the venture firm formerly known as Sequoia Capital India and Southeast Asia. Inc42's report names Peak XV and other backers as participants in the $15 million raise but does not detail the full investor list, the round's structure, or whether the figure covers a single tranche or a total across tranches.

Details on how C2i intends to deploy the capital were not disclosed in the report. Inc42 likewise does not specify the company's exact position in the semiconductor value chain, its product line, its process capabilities, or its revenue base, so those elements remain unconfirmed at this stage.

What is confirmed is the headline number: $15 million, with Peak XV among the named investors. Everything beyond that — valuation, use of proceeds, prior rounds, customer traction — stays outside the disclosed facts and should be treated as pending company confirmation or regulatory filings.

The raise comes as investor attention to semiconductor and chip-adjacent startups has intensified, with venture firms increasingly willing to place early bets on companies serving design, packaging, test, or materials niches rather than only on capital-intensive fabs. A $15 million round sits firmly in the growth-check category for the sector, large enough to fund product development and initial scale-up without approaching the billions required for manufacturing capacity.

For Peak XV, the investment continues the firm's pattern of backing India- and Southeast Asia-focused technology companies, a remit it retained after rebranding from Sequoia Capital India in 2023. The firm has historically spread deployments across consumer internet, enterprise software, and deep-tech categories, and a semiconductor allocation signals continued appetite for hard-tech exposure in its coverage markets.

C2i now joins a short but growing list of chip-sector startups that have secured eight-figure funding in recent cycles, a cohort that investors view as a bet on regional supply-chain diversification and on demand for specialized semiconductor services and tooling.

Additional terms of the round, C2i's valuation, and the startup's roadmap are expected to surface as the company or its investors comment further; Inc42's report contains no guidance on timelines or subsequent planned raises.