Agrani Labs in talks for $100 million AI-chip round
Agrani Labs team · Official company photoBuilds AI graphics processors and end-to-end software for enterprise and data-centre computing. AI inference means running a trained model to produce answers, rather than training it from scratch. Moneycontrol reported on November 3 that Agrani is assembling a $100 million round, with Stargazer, Google, Peak XV Partners and 360 ONE in discussions. The reported deal is still being negotiated.
DTT summary based on Moneycontrol's report. The full article is on the publisher's site.
Additional reporting
Moneycontrol reported on November 3 that Agrani is assembling a $100 million round, with Stargazer, Google, Peak XV Partners and 360 ONE in discussions. The reported deal is still being negotiated.
The Economic Times separately reports $108-110 million in final-stage talks at around a $350 million valuation, with Peak XV expected to lead and Google, Samsung Ventures and Stargazer expected to participate. It expects a close over the next month.
Builds AI graphics processors and end-to-end software for enterprise and data-centre computing. AI inference means running a trained model to produce answers, rather than training it from scratch. Its own website describes AI GPUs and a software stack for enterprise and data-centre workloads.
Moneycontrol reports that Agrani is developing AI inference chips designed to work with Nvidia's CUDA software stack. CUDA is the software ecosystem developers use to run computing tasks on Nvidia GPUs; compatibility is intended to make switching hardware easier.
Moneycontrol reports $300-350 million if the deal materialises. ET reports around $350 million. Both figures relate to the proposed round.
Chip development, research and development, engineering and related work, according to Moneycontrol.
Dheemanth Nagaraj (CEO), Ashok Jagannathan (Chief Architect), Srikanth Nimmagadda (Chief Chip Technologist) and Rajesh Vivekanandham (Chief Performance Engineer), all with prior Intel or AMD experience.
Earlier $8 million seed round led by Peak XV Partners, with angel investors. BusinessLine reported the seed announcement on January 29, 2026; Moneycontrol dates that earlier round to June 2025.