Agnit Semiconductors raises $2.6 million from Shastra VC, 3one4 Capital and Zephyr Peacock

The company has raised $7.47 million to date and will use the new funds to scale production to about 100,000 GaN components over the next two years as it moves from pilot deployments to commercialization. The round also marks Shastra VC’s first investment in India’s semiconductor ecosystem.