Bengaluru-based startup AGNIT Semiconductors has successfully raised $2.6 million in a seed extension funding round led by Shastra VC, with contributions from existing investors 3one4 Capital and Zephyr Peacock. This recent funding follows a previous seed round in 2024, bringing AGNIT’s total funding to over $7 million.
The newly acquired capital will be used to expand AGNIT’s production capacity to 1 lakh gallium nitride (GaN) components within the next two years. The company also plans to diversify into telecom infrastructure and high-efficiency power semiconductor devices.
Founded in 2019 by a team of seven individuals, AGNIT Semiconductors specializes in gallium nitride (GaN) semiconductor technology. Their focus is on designing and manufacturing GaN materials and electronic components, with a primary application in radio-frequency (RF) technologies.
Initially, AGNIT considered electric vehicle components, but has since shifted its focus to sectors with higher demand for GaN technology, aligning with strategic growth opportunities in the semiconductor market.
Source: Entrackr : Latest Posts