Founded by Dheemanth Nagaraj, Ashok Jagannathan, Sri Nimmagadda and Rajesh Vivekanandham, the startup is building a full-stack AI software stack including frameworks, compilers, libraries and system software to make it easier for companies to adopt newer AI chips.AI semiconductor startup Agrani Labs has raised $8 million in a seed funding round led by Peak XV Partners, along with participation from several angel investors.
Founded by Dheemanth Nagaraj, Ashok Jagannathan, Sri Nimmagadda and Rajesh Vivekanandham, the startup is building a full-stack AI software stack including frameworks, compilers, libraries and system software to make it easier for companies to adopt newer AI chips.
All founders have previously been associated with Intel and AMD, two of the world’s largest semiconductor companies.
“For a team that has lived and breathed compute architecture for decades, building an AI computer grounds-up to help advance the potential of this technology is gratifying. We are leveraging India’s immense semiconductor and software talent to build a product that will compete on the global stage,” said co-founder and CEO Nagaraj.
The startup, which was operating in stealth so far, also counts semiconductor veteran Vinod Dham as a founding advisor.
“What excites me about Agrani Labs is the clarity of architectural thinking and the disciplined execution they apply to one of today’s most consequential technological challenges,” said Dham.
The demand for AI datacenter silicon has taken off in recent times with companies, startups and governments across the world rushing to leap ahead in the race. India, too, has seen activity rise in the sector owing to a sustained policy push and global investments.
“We’re excited to partner with them as they aspire to build one of the world’s leading fabless semiconductor companies, from India,” said Ashish Agrawal, managing director, Peak XV Partners.
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