Coastal Karnataka, often referred to as the Silicon Beach of India, has drawn a north India-based startup to establish its operations in the region. Sophrosyne Technologies, an Indian semiconductor startup focused on healthcare technologies, has set up its research and development and product design centre in Udupi, according to its Founder and CEO Manish Srivastava, a native of Lucknow.Co-founder and chief business officer Jatin Gupta, who hails from Faridabad, said the startup raised $2 million in seed funding from Bluehill VC and began operations with a small office in Udupi about a year ago. The company formally inaugurated its larger facility on Saturday. Sophrosyne has also secured a $1.2 million grant under the Union government’s Design Linked Incentive (DLI) programme.Manish said the Udupi office was launched with a team of six full-time employees and four external consultants. Over the past year, the workforce has grown to 30 members, comprising in-house professionals and domain experts.
Health tech startup sets up R&D centre in Udupi
