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Bengaluru-based AGNIT Semiconductors has secured $3.5 million in a seed funding round. The investment was led by 3one4 Capital and Zephyr Peacock, with participation from Lakshmi Narayanan, former CEO of Cognizant. This marks their first investment in India's semiconductor sector. AGNIT Semiconductors, India's first startup advancing Gallium Nitride (GaN) technology, aims to enter the consumer electronics and electric vehicle markets, targeting 100,000 chip sales this year.
Agnit Semiconductors raises $3.5 million in seed round The seed round led by 3one4 Capital and Zephyr Peacock marked their first investment in India's semiconductor sector. Read more on: https://t.co/hSnLLc2I4J
Agnit Semiconductors raises $3.5 million in seed round https://t.co/0i0TDzeZcC
Bengaluru-based AGNIT Semiconductors has secured $3.5 million in a seed funding round led by 3one4 Capital and Zephyr Peacock, with participation from Lakshmi Narayanan, former CEO of Cognizant https://t.co/sl95Xf8yyE via @moneycontrolcom