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The funds were raised via a mix of listed non-convertible debentures (NCDs) and external commercial borrowings (ECB).
The decision is part of the US efforts for production of chips locally and reduced its dependence on chip manufacturers in Taiwan.
AMD Ventures, and existing investors Andreessen Horowitz, Amplify Partners, and Matrix Partners participated in the funding round.
Uniphore will use the fresh capital to boost innovation on its AI and data platform -- Business AI Cloud.
The deal will allow Nvidia to sell its H20 accelerators and AMD its MI308 chips to China.
In a bid to challenge Nvidia’s dominance in the global artificial intelligence hardware space, the company has approached potential customers in UAE, Saudi Arabia, and Thailand.
