AGNIT Semiconductors Nets $2.6 Mn To Foray Into Telecom, Power Electronics

by · Inc42

SUMMARY

  • The funding round was led by Shastra VC, with participation from existing backers 3one4 Capital and Zephyr Peacock
  • With the fresh capital, AGNIT plans to scale production to 1 Lakh gallium nitride (GaN) components over the next two years
  • The startup previously raised $3.5 Mn in its seed funding round in 2024, with plans to scale up its production and expand commercial operations