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Indian startup C2i Semiconductors raised $15M Series A led by Peak XV Partners to address power inefficiency in AI data centers. The company is developing an integrated grid-to-GPU power delivery system that aims to reduce energy losses by 10%, potentially saving 100 kilowatts per megawatt consumed. With data center power demand projected to triple by 2035, C2i's approach tackles the 15-20% energy waste that occurs during voltage conversion. First silicon designs are expected between April and June 2026 for validation with hyperscalers.