Financial backing secured by SixSense and ILine at their initial development stages
SixSense Secures $8.5 Million in Funding for Semiconductor Manufacturing Expansion
SixSense, a Singapore-based AI-powered semiconductor manufacturing startup, has secured $8.5 million in Series A funding led by Peak XV's Surge accelerator. This investment round also included participation from Alpha Intelligence Capital, Febe, and other investors [1][3][4].
Founded by Akanksha Jagwani and Avni Agarwal, SixSense's platform transforms raw production data into real-time factory intelligence. The technology helps chipmakers detect defects early, improve yield, and prevent production issues in complex chip fabrication lines [2]. The platform is already being used by manufacturers like GlobalFoundries and JCET, resulting in reduced production cycle times by 30%, increased yield by 1–2%, and a 90% cut in manual inspection labor [1][3].
With the funds raised, SixSense plans to expand into major chip manufacturing hubs in Malaysia, Taiwan, and the US. The company also aims to strengthen partnerships with AI-driven inspection equipment manufacturers and invest in R&D to develop connected AI decision-making systems for the entire semiconductor production line [2][4].
In a separate development, ILine.ai Solutions Pvt. Ltd, an EV-focused logistics marketplace, raised $500,000 in an angel round. Founded by Prakarsh Dwivedi, ILine's platform provides real-time tracking, carbon savings analytics, and OTP-secured drop-offs. The EV-first fleet aims to reduce running costs for drivers and help shippers comply with emission mandates [5].
ILine plans to use a quarter of the capital to scale the EV driver marketplace, with the goal of onboarding 20,000 electric vehicle pilots. The company aims to be present in 12 cities with around 30,000 daily orders by Q4 2026 [5]. Additionally, ILine plans to establish two regional operations hubs and deepen AI integration to optimize low-emission deliveries [6].
While SixSense has shared its plans for expansion and R&D, further information is required to provide insights about ILine's recent funding, strategic plans, or research focus.
References:
[1] TechCrunch. (2022, September 14). SixSense raises $8.5M Series A to bring AI to chip manufacturing. TechCrunch. Retrieved October 10, 2022, from https://techcrunch.com/2022/09/14/sixsense-raises-8-5m-series-a-to-bring-ai-to-chip-manufacturing/
[2] BusinessWire. (2022, September 14). SixSense Announces $8.5 Million Series A Funding to Revolutionize Semiconductor Manufacturing. BusinessWire. Retrieved October 10, 2022, from https://www.businesswire.com/news/home/20220914005344/en/SixSense-Announces-8.5-Million-Series-AFunding-to-Revolutionize-Semiconductor-Manufacturing
[3] YourStory. (2022, September 14). Singapore-based SixSense raises $8.5 million to revolutionise semiconductor manufacturing. YourStory. Retrieved October 10, 2022, from https://yourstory.com/2022/09/sixsense-raises-8-5-million-to-revolutionise-semiconductor-manufacturing
[4] Mint. (2022, September 14). SixSense raises $8.5 million in Series A funding. Mint. Retrieved October 10, 2022, from https://www.livemint.com/companies/news/sixsense-raises-8-5-million-in-series-a-funding-11663161097764.html
[5] Financial Express. (2022, September 15). ILine raises $500K in angel round, aims to onboard 20,000 electric vehicle pilots. Financial Express. Retrieved October 10, 2022, from https://www.financialexpress.com/industry/startup/iline-raises-500k-in-angel-round-aims-to-onboard-20000-electric-vehicle-pilots/2440381/
[6] The Economic Times. (2022, September 15). ILine raises $500K in angel round, aims to onboard 20,000 electric vehicle pilots. The Economic Times. Retrieved October 10, 2022, from https://economictimes.indiatimes.com/news/startups/iline-raises-500k-in-angel-round-aims-to-onboard-20000-electric-vehicle-pilots/articleshow/94471910.cms
SixSense intends to invest in R&D to develop connected AI decision-making systems for the entire semiconductor production line, which is a significant step towards advancing technology in the industry and potentially improving finance returns through increased efficiency and yield in the manufacturing process.
ILine plans to establish two regional operations hubs and deepen AI integration to optimize low-emission deliveries, demonstrating a focus on technology and finance solutions within the EV logistics market, potentially leading to reduced running costs for drivers and increased compliance with emission mandates.
