Semiconductor startup AGNIT Semiconductors raises $3.5M round led by 3one4 Capital, Zephyr Peacock

Semiconductor startup AGNIT Semiconductors on Thursday said it has raised $3.5 million in a seed round led by 3one4 Capital and Zephyr Peacock. The deal marks the first investment in India’s semiconductor sector by investors. The round also saw participation from Lakshmi Narayanan, the former CEO of Cognizant and noted angel investor. The latest capital infusion takes the company’s total funding to $4.87 million.