710
2 months ago
AI Semiconductor Startup Agrani Labs Raises $8 Mn From Peak XV Partners
Summary
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Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Agrani Labs also announced the startup’s full scale launch after operating in stealth since being founded
The startup was founded by veterans from global chip makers AMD and Intel, with Vinod Dham joining as founding advisor
Agrani Labs is working on building an indigenous AI chip backed by a full-stack software offering providing AI frameworks and libraries
AI semiconductor startup Agrani Labs, which is building AI GPUs and end-to-end software for enterprise and datacenter compute, has raised $8 Mn (INR 73.4 Cr) in a Seed funding round led by Peak XV Partners, with participation from angel investors.
The startup, which was founded by AMD and Intel executives Dheemanth Nagaraj (CEO), Ashok Jagannathan (chief architect), Srikanth Nimmagadda (CTO) and Rajesh Vivekanandham (Chief Perf Architect) in December 2024, also announced that it is coming out of stealth now with the fresh capital.
The Bengaluru-based startup is working towards building indigenous capabilities for advanced semiconductor design and compute infrastructure for global data centres. Aiming for a full-stack solution, the startup is also building accompanying software comprising AI frameworks, compilers, libraries and system software, creating an edge against traditional chip makers that focus solely on the hardware.
It claims to have built early versions of its hardware and software stack, and also achieved significant progress in terms of product definition and architecture.
Vinod Dham, widely known as the ‘Father of the Pentium Chip’ for his contribution to the development of Intel’s Pentium micro-processor, has also joined Agrani Labs as a founding advisor. Dham also works closely with the government across multiple AI initiatives, including the India Semiconductor Mission (ISM) and NITI Aayog’s Frontier Tech Hub Expert Council.
“For a team that has lived and breathed compute architecture for decades, building an AI computer grounds-up to help advance the potential of this technology is gratifying. We are leveraging India’s immense semiconductor and software talent to build a product that will compete on the global stage,” Nagaraj said.
As of 2025, India’s total GPU count had exceeded 38,000 under the IndiaAI Mission, and the demand for compute capabilities is only going to increase with the push for building an indigenous AI ecosystem and global companies eyeing the country to set up data centers.
However, dependency on global tech giants for compute and infrastructure when it comes to AI remains a roadblock toward building AI-grade chips domestically. VCs have also expressed caution when investing in India’s semiconductor industry, with startups in the space raising roughly $50 Mn in 2025, a 79% jump from $28 Mn in the previous year but nevertheless, a far cry when compared to other segments.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Agrani Labs also announced the startup’s full scale launch after operating in stealth since being founded
The startup was founded by veterans from global chip makers AMD and Intel, with Vinod Dham joining as founding advisor
Agrani Labs is working on building an indigenous AI chip backed by a full-stack software offering providing AI frameworks and libraries
AI semiconductor startup Agrani Labs, which is building AI GPUs and end-to-end software for enterprise and datacenter compute, has raised $8 Mn (INR 73.4 Cr) in a Seed funding round led by Peak XV Partners, with participation from angel investors.
The startup, which was founded by AMD and Intel executives Dheemanth Nagaraj (CEO), Ashok Jagannathan (chief architect), Srikanth Nimmagadda (CTO) and Rajesh Vivekanandham (Chief Perf Architect) in December 2024, also announced that it is coming out of stealth now with the fresh capital.
The Bengaluru-based startup is working towards building indigenous capabilities for advanced semiconductor design and compute infrastructure for global data centres. Aiming for a full-stack solution, the startup is also building accompanying software comprising AI frameworks, compilers, libraries and system software, creating an edge against traditional chip makers that focus solely on the hardware.
It claims to have built early versions of its hardware and software stack, and also achieved significant progress in terms of product definition and architecture.
Vinod Dham, widely known as the ‘Father of the Pentium Chip’ for his contribution to the development of Intel’s Pentium micro-processor, has also joined Agrani Labs as a founding advisor. Dham also works closely with the government across multiple AI initiatives, including the India Semiconductor Mission (ISM) and NITI Aayog’s Frontier Tech Hub Expert Council.
“For a team that has lived and breathed compute architecture for decades, building an AI computer grounds-up to help advance the potential of this technology is gratifying. We are leveraging India’s immense semiconductor and software talent to build a product that will compete on the global stage,” Nagaraj said.
As of 2025, India’s total GPU count had exceeded 38,000 under the IndiaAI Mission, and the demand for compute capabilities is only going to increase with the push for building an indigenous AI ecosystem and global companies eyeing the country to set up data centers.
However, dependency on global tech giants for compute and infrastructure when it comes to AI remains a roadblock toward building AI-grade chips domestically. VCs have also expressed caution when investing in India’s semiconductor industry, with startups in the space raising roughly $50 Mn in 2025, a 79% jump from $28 Mn in the previous year but nevertheless, a far cry when compared to other segments.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Login or create a free account to continue reading in private mode.
AI Description
Agrani Labs, a semiconductor startup, has secured $8 million in funding from Peak XV Partners. The company is focused on developing AI GPUs and comprehensive software solutions for enterprise and datacenter computing.