Bengaluru-based AGNIT Semiconductors has raised $2.6 million in an extension of its seed funding round to boost its gallium nitride (GaN) semiconductor production capabilities. The funding, led by Shastra VC with participation from existing investors 3one4 Capital and Zephyr Peacock, aims to scale production to 100,000 GaN components over the next two years.
AGNIT specializes in GaN semiconductor technology, focusing on designing and producing GaN materials and electronic components for radio-frequency applications. The company, founded in 2019, plans to leverage the capital infusion to enhance the production volume of three semiconductor chips currently under pilot testing.
Previously, AGNIT raised $3.5 million in 2024, bringing its total funding to $4.87 million. While the company initially considered consumer-focused applications, it has shifted focus to telecom infrastructure and high-efficiency power semiconductor devices due to stronger market demand.
Source: Inc42 Media