AGNIT Semiconductors has raised $2.6 million (around Rs 240 million) in an extension of its seed funding round, led by Shastra VC, with participation from existing investors 3one4 Capital and Zephyr Peacock. The company had previously raised $3.5 million in its seed round in 2024, taking its total funding to date to over $7 million.
The proceeds will be used to scale production to 100,000 gallium nitride (GaN) components over the next two years and to expand into telecom infrastructure and high-efficiency power semiconductor devices.
Founded in 2019, AGNIT Semiconductors focuses on GaN semiconductor technology. The firm designs and manufactures GaN materials, such as wafers, and electronic components, primarily for radio-frequency applications.
AGNIT had earlier explored building components for electric vehicles but has since paused those efforts to focus on sectors where demand for GaN technology is stronger.
