IC RegFin Legal advises Pavestone on investment in Tsavorite

Tsavorite Scalable Intelligence Inc. has raised $5 million (~₹46.6 crore) from Hyderabad-based venture fund, Pavestone Technology Fund.

IC RegFin Legal advised Pavestone on their investment in Tsavorite.

The transaction team was led by Vartika Koolwal (Partner), with support from Abhinav Gupta (Principal Associate), Divyam Sharma (Senior Associate) and Viloni Dedhia (Associate)

Puneet Shah (Senior Partner) provided overall guidance and inputs.

Founded in 2023, Tsavorite is a California and Bengaluru-based start-up building a full-stack AI compute platform and offers an Omni Processing Unit, a chip architecture that integrates CPU, GPU, memory, and connectivity into a single system to improve performance and reduce data movement.

Tsavorite intends to utilise the funds for product development and go-to-market efforts.

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