Calligo Technologies is building end to end full stack products and solutions to enable enterprises to perform High Performance Computing (HPC) with higher accuracy and lower computational needs using an accelerator hardware running POSIT number system based computational engine on silicon within their existing systems.
There is an increased demand for High Performance Computing applications and AI, which require specialized software and hardware stack to achieve optimal performance and efficiency.
The current solutions based on the IEEE754 number system suffer from challenges of accuracy. Organizations are using expensive solutions to solve the inherent issues with the existing systems in HPC applications.
Calligo enjoys a strong first movers advantage. There are no major players competing with Calligo who have the chipsets ready for sale. The extensive background of the founders in the HPC/Semiconductor domains offer an unparalleled advantage. The team has built significant IPs in the use of POSIT enabled compute on an open source RISC-V architecture, with key hardware design and software library developments, which provides large MOATs to the business.
Technological prowess is further backed by favorable policy support. The Government has taken steps to position India as a leading hub for semiconductor design and manufacturing by providing fiscal/non-fiscal incentives, research and development support and technological collaborations. Calligo is one of the few companies who has been approved a fund of 15cr from the government under their DLI scheme. The overall rise in advanced technology solutions, AI, edge computing and connected systems bodes well for a large and growing semiconductor demand in the nation. Geopolitical factors further enable a push for indigenisation of the key designing capabilities.