Bengaluru-based AI semiconductor startup Agrani Labs has quietly raised $8 million in a seed funding round and emerged from stealth. The round was led by Peak XV Partners, with participation from angel investors.
The fresh capital will be used to scale the engineering team and accelerate product development, as the startup works towards building globally competitive AI compute solutions from India.
Founded in 2024, Agrani Labs is led by a seasoned founding team comprising CEO Dheemanth Nagaraj, along with Ashok Jagannathan, Srikanth Nimmagadda, and Rajesh Vivekanandham. All four founders bring deep semiconductor expertise, having previously held leadership roles at Intel and AMD.
The company is focused on developing a high-performance AI GPU designed specifically for data centre workloads, a segment witnessing rapid growth amid rising global demand for AI infrastructure.
Agrani Labs is also building a proprietary software stack that includes compilers, system software, libraries, and AI frameworks, aimed at delivering tighter hardware–software integration and improved performance for AI workloads.
The startup has already made progress on early architecture and product definition, with initial versions of both its hardware and software stack in development. It is collaborating with academic institutions, semiconductor partners, government research bodies, and software ecosystem players to accelerate innovation and execution.
