India, Jan. 28 -- 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 s...