# Agrani Labs, founded by former Intel and AMD executives, is aiming for a significant $100 million Series A funding.

*semiconductor · news · 2026-05-15 · The Economic Times*

## Key points

- Agrani Labs is aiming to raise a $100 million Series A round for AI inference chips.
- Their chips are designed to be compatible with Nvidia's CUDA software stack.
- The company is in investment talks with Qualcomm, Battery Ventures, and government entities.
- Peak XV intends to contribute $20 million to the round on a pro-rata basis.
- If successful, this would be the largest Series A round for an Indian semiconductor startup.

**Companies:** Qualcomm, Battery Ventures, Agrani Labs
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/intel-amd-veterans-agrani-labs-scouts-for-100-million-to-build-ai-chip/articleshow/131102225.cms)

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