We're thrilled to announce that ChipAgents has raised an oversubscribed $50M Series A1, bringing our total funding to $74M. This round was led by Matter Venture Partners, a TSMC-backed HardTech VC firm, with continued support from Bessemer Venture Partners, Micron, MediaTek, Ericsson, and other strategic partners. Since our Series A just months ago, the momentum has been extraordinary: 140× year-over-year ARR growth, deployments at 80 leading semiconductor companies with multi-year, multi-million-dollar contracts, team growth from 10 to 46 employees, and a move to our new 20,000 sq ft headquarters in Santa Clara. We're also honored to welcome Wen Hsieh, Founding Managing Partner of Matter Venture Partners, to our Board of Directors, and Sandeep Bharathi, President of Marvell's Data Center Group, to our Advisory Board. They join an exceptional group including Wally Rhines, Jack Harding, John Bowers, and Erez Tsur. The future of chip design is autonomous, intelligent, and faster than ever. This is just the beginning.

We’re bringing multi-agent root cause analysis to production! With ChipAgents RCA, our customers are now debugging at unprecedented speed, resolving errors over 12× faster than human design engineers, and performing 30-40% better than state-of-the-art software engineering AI agents across complex ASIC designs. This is a huge milestone for autonomous hardware debugging, and just the beginning of what multi-agent systems can do for semiconductor engineering.

We’re proud to announce that ChipAgents has raised a $21M Series A to redefine AI for chip design and verification. This round, led by Bessemer Venture Partners with participation from Micron, MediaTek, Ericsson, and other leading semiconductor partners, brings our total funding to $24M, and marks a major step forward in our mission to bring agentic AI to the core of semiconductor design. Over the past year, ChipAgents has grown faster than we could have imagined with 50x year-over-year sales growth, deployments at 50 leading semiconductor companies, and a 6,000% surge in platform usage. Behind these numbers are engineering teams who are now designing, verifying, and innovating at an entirely new pace. We’re also honored to welcome Wally Rhines (former CEO, Mentor Graphics), Raúl Camposano (former CTO, Synopsys), Jack Harding (former CEO, Cadence), and Erez Tsur (former CEO, Cadence Israel) to our advisory board. Their experience and insight will be invaluable as we continue to scale. To our customers, partners, and team, thank you. Your trust, collaboration, and passion are what drive us to keep pushing the boundaries of what’s possible in EDA. The future of semiconductor design is intelligent, agentic, and faster than ever. And this is just the beginning.