ChipAgents, an agentic AI start-up targeting the semiconductor sector, announced it has closed an oversubscribed $50 million Series A1 round, bringing total capital to $74 million. At the same time, it has opened a 20,000-square-foot headquarters in Santa Clara, Silicon Valley.
The start-up, in an announcement, saidthe new capital will be used to scale its Agentic AI platform, expand its engineering and research organisation, and accelerate global deployment of multi-agent chip teams.
“We’re building an Agentic AI workforce for the semiconductor industry,” said William Wang, CEO and Founder of ChipAgents.
ChipAgents, which 'brings AI agents into production workflows for semiconductor design and verification engineering', highlighted 140x year-over-year ARR growth, and noted deployments to 80 leading semiconductor companies, including several multi-year, multi-million-dollar licensing agreements.
Moreover, for those wanting technical claims, ChipAgents said its platform has delivered claimed performance improvements, including 15x faster specification reading and comprehension, a 240x reduction in formal assertion generation time, 100% code and functional coverage through formal verification, and 400x faster UVM environment generation.
In terms of scaling, the firm has grown from 10 to 46 employees and relocated its headquarters from Santa Barbara to the new Santa Clara facility.
Sandeep Bharathi, President of Marvell’s Data Center Group, who has now joined ChipAgents’ advisory board, commented: “Semiconductor development continues to grow in complexity as systems scale across cloud and enterprise infrastructure."
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The advisory board also includes Wally Rhines, Raúl Camposano, Jack Harding, John Bowers, and Erez Tsur, ChipAgents noted.
In the latest funding round, led by TSMC-backed Matter Venture Partners, there was also participation from existing investors Bessemer Venture Partners, Micron, MediaTek, and Ericsson.
The Recap
- ChipAgents closed a Series A1 and raised $74 million.
- Opened a 20,000-square-foot headquarters in Santa Clara, Silicon Valley.
- Highlighted deployments to 80 leading semiconductor companies globally.
