AGNIT Semiconductors

AGNIT Semiconductors

Manufacturer of GaN substrates for advanced semiconductor solutions

Founded

2019

Headquarters

Bengaluru (India)

Status

Seed

Company Details

AGNIT Semiconductors Private Limited is a pioneering Indian deep-tech startup specializing in Gallium Nitride (GaN) semiconductor technology. The company is a spin-off from the Indian Institute of Science (IISc), leveraging over 15 years of R&D and proprietary intellectual property to design and manufacture GaN materials (wafers) and advanced electronic components.

Core Products & Services

  • GaN Materials & Wafers: Proprietary GaN-on-Silicon Carbide wafers for high-power, high-frequency applications.

  • RF Electronic Components: Discrete RF power transistors and devices for defense, telecom, and industrial use.

  • Custom GaN Solutions: Tailored GaN devices for emerging markets such as EV fast chargers and consumer electronics.

Business Model & Revenue Streams

  • Direct Sales: Selling GaN wafers and RF devices to semiconductor fabs, defense contractors, telecom companies, and electronics manufacturers.

  • Custom Device Development: Providing bespoke GaN-based solutions for clients in emerging sectors like electric vehicles and consumer electronics.

  • Strategic Partnerships & Licensing: Collaborating with research institutes and industry partners, and potentially licensing patented technologies developed in-house.

  • B2B Sales: Focused on large enterprises and government agencies in defense, telecom, and energy.

  • Emerging Markets: Expanding into B2B opportunities in consumer electronics and electric mobility (EVs), especially fast-charging solutions.

Growth Strategy

  • Market Expansion: Scaling production to serve both domestic and global markets, with a focus on strategic sectors where GaN offers clear performance benefits.

  • Product Innovation: Continuous investment in R&D to develop next-generation GaN devices and expand into new application areas like power conversion and renewable energy.

  • Partnerships: Leveraging collaborations with IISc, government bodies, and industry leaders to accelerate commercialization and adoption of GaN technology.

  • Quality & Reliability: Investing in advanced manufacturing and rigorous quality control to meet the demanding standards of defense and telecom clients.

Conclusion

AGNIT Semiconductors is at the forefront of India’s semiconductor innovation, bridging world-class research and commercial manufacturing in GaN technology. With a robust business model, deep technical expertise, and a strategic focus on high-growth sectors, AGNIT is poised to become a key player in the global semiconductor ecosystem-offering investors, researchers, and industry partners a compelling opportunity for collaboration and growth.

Key People

Digbijoy Neelim Nath

Mayank Shrivastava

Shankar Kumar Selvaraja

Key Metrics

Total Equity Funding

$4.87 Million

No. of Funding Rounds

2

Latest Funding Round

$3.5 Million, Seed

as of September 30, 2024

Post Money Valuation

$13.1 Million

as of October 4, 2024

Funding Multiple

2.69x

as of October 4, 2024

Investors

3one4 Capital

and 1 more

Employee Count

21

Similar Companies

Zerocircle

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
September 30, 2024Seed $3.5 Million$13.1 Million-- 3one4 Capital, Zephyr Peacock
February 12, 2021Angel$1.4 Million$6.5 Million---

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