AI compute solutions provider Agrani Labs bags $8-M led by Peak XV

Bengaluru-based Agrani Labs has raised USD 8 million in a seed round led by Peak XV Partners, with participation from angel investors.Founded by Dheemanth Nagaraj, Ashok Jagannathan, Srikanth Nimmagadda, and Rajesh Vivekanandham Agrani Labs is a semiconductor startup developing high-performance AI GPUs designed for data centres. The firm is building a full-stack AI compute platform encompassing hardware and software.The fresh funds will be used by the company to scale engineering efforts and advance product development to build globally competitive AI compute solutions.