Agrani Labs, a semiconductor startup founded by four veterans from Intel and AMD, is in the process of raising $100 million in a Series A funding round to develop AI inference chips that will be compatible with Nvidia's CUDA software stack. The startup is currently in discussions with potential investors, including Qualcomm and Battery Ventures, as well as government entities. Peak XV, Agrani Labs' existing investor, is anticipated to invest $20 million in this round. Founded in 2025, Agrani Labs previously raised $15 million at a valuation of $36 million from Peak XV. If successful, this funding round would represent one of the largest Series A investments in the Indian startup ecosystem, particularly within the semiconductor sector, which has seen limited funding compared to global counterparts. The funds will be allocated for research and development, manufacturing, and engineering costs as Agrani Labs aims to compete with established players like SambaNova Systems and Groq.