Funding News: Gallium Nitride Startup 'AGNIT Semiconductors' bags $3.5 million in Seed Round

Startup: AGNIT Semiconductors

Founder: Hareesh Chandrasekar

About us: AGNIT Semiconductors Private is India’s one and only provider of Gallium Nitride (or GaN for short) solutions for RF electronics and Power Electronics. The firm is managed by the Foundation for Science Innovation and Development (FSID) at the Indian Institute of Science (IISc), with funding from the Ministry of Electronics and Information Technology (MeitY).

Founded Year: 2019

Office: Bengaluru

Sector: Semiconductor Manufacturing

Funding Round: Seed round

Investors: 3one4 Capital and Zephyr Peacock.

Bengaluru-based Gallium Nitride (GaN) startup AGNIT Semiconductors has raised $3.5 million in a seed funding round, marking their first investment in India’s semiconductor industry.The round also included participation from Lakshmi Narayanan, former CEO of Cognizant and an angel investor. This brings AGNIT’s total funding to $4.87 million. The new capital will be used to scale production and expand commercial operations.

AGNIT plans to diversify into consumer electronics and electric two-wheelers to cater to evolving market demands and aims to sell 100,000 semiconductor chips within the next 12 months.

Pranav Pai, Founding Partner and CIO of 3one4 Capital states, “AGNIT Semiconductors is pioneering Gallium Nitride technology in India, a critical advancement for the future of global electronics and energy systems. AGNIT embodies the rise of Indian deep-tech startups—rooted in research, targeting transformative technologies, and poised for global impact. We’re thrilled to support their growth and help take Indian semiconductor technology to the world.”

Website: https://www.agnitsemi.com/