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Intel AMD veterans Agrani Labs eyes 100 million Series A to build CUDA compatible AI inference chips
Economy
Published on 15 May 2026
Their chips aim to run on Nvidia CUDA
Agrani Labs, a semiconductor startup launched in 2025 by former Intel and AMD executives, is seeking a $100 million Series A to develop AI inference chips compatible with Nvidia’s CUDA software stack. The company is in early talks with Qualcomm, Battery Ventures, and government investors, while existing backer Peak XV is expected to contribute about $20 million pro-rata. If valuation talks land in the $400–500 million range, it would mark one of India’s largest Series A rounds for a chipmaker.
- Agrani Labs wants $100 million for its Series A
- The startup was founded by four ex Intel and AMD executives in 2025
- Its AI inference chips are designed for Nvidia CUDA compatibility
- Qualcomm and Battery Ventures are in early discussion to invest
- Peak XV may lead with about $20 million pro-rata
- Industry estimates peg its valuation at $400–500 million
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times