C2i's $15M Series A bets on power delivery as the AI infrastructure bottleneck

C2i closed a $15M Series A in February 2026 led by Peak XV Partners, with participation from TDK Ventures and existing backer Yali Capital. The Bengaluru-based semiconductor startup, founded in 2024 by Vikram Gakhar, Preetam Charan Anand Tadeparthy, and Ramprasad Ananthaswamy, builds configurable power delivery solutions designed to operate across the full stack from grid to core in AI data centres and cloud infrastructure. The round follows a $4M seed from Yali Capital in November 2024. Peak XV’s involvement signals institutional confidence in the power management thesis for hyperscale compute, a category that has attracted significant investor attention as AI workloads scale and data centre density increases.

C2i’s thesis centers on a platform approach to power architecture rather than incremental component-level improvements. The startup claims its system-level power delivery solutions enable higher power density, simpler system design, and faster deployment while meeting the reliability requirements of large-scale AI infrastructure. The timing aligns with India’s broader semiconductor push: the government’s India Semiconductor Mission 2.0, announced in the Union Budget 2026-27, targets the production of equipment and materials alongside full-stack Indian IP development. The Design Linked Incentive scheme currently supports 24 startups with a target of enabling at least 50 fabless semiconductor companies in the next phase. C2i’s focus on AI power delivery positions it within this expanding ecosystem of government-backed semiconductor bets.

The open question is whether a platform-based power architecture can achieve the density and reliability requirements demanded by hyperscalers at scale. Founder Radar’s read is also worth watching whether TDK Ventures’ participation—alongside Peak XV’s track record in infrastructure bets—signals deeper commercial relationships with original equipment manufacturers or data centre operators. Details on customer traction, deployment timelines, or specific power density metrics were not disclosed in early reporting.