Exfinity Technology Fund Series II (a scheme of Exfinity Technology Fund) has made its exit from Kinara AI Private Limited and Kinara Inc., pursuant to the merger of Kinara Inc. with NXP USA Inc., a global semiconductor company headquartered in the Netherlands.

Argus Partners advised Exfinity on this exit.

The transaction team consisted of Pallavi Kanakagiri (Partner), Ashwin Krishnan (Partner) and Siddharth Malakar (Senior Associate).

Kinara is a leading developer of high-performance, energy-efficient and programmable discrete neural processing units.

Commenting on the exit, Chinnu Senthilkumar, Managing Partner at Exfinity, stated, “With this exit, we are returning 40% of our fund, and we will be touching a DPI of one, meaning we will have returned our entire fund. This validates our thesis in deeptech,”.

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