ChipAgents, an agentic AI platform focused on accelerating semiconductor design workflows, announced it has closed an oversubscribed $50 million Series A1 round, bringing its total capital raised to $74 million. The round was led by Matter Venture Partners, a TSMC-backed hardtech venture capital firm, with participation from existing investors Bessemer Venture Partners, Micron, MediaTek, and Ericsson.
As part of the investment, Wen Hsieh, Founding Managing Partner of Matter Venture Partners, will join ChipAgents’ board of directors.
The new capital will be used to scale ChipAgents’ agentic AI platform, expand its engineering and research teams, and accelerate global deployment of multi-agent chip design teams. The company is building coordinated AI agents that can plan, reason, execute, and continuously improve across complex silicon programs, aiming to transform chip development into an AI-native, outcome-driven system.
ChipAgents said it has achieved 140x year-over-year ARR growth and expanded deployments to 80 semiconductor companies. The company has secured several multi-year, multi-million-dollar licensing agreements and grown its team from 10 to 46 employees. It also relocated its headquarters from Santa Barbara to a new 20,000-square-foot facility in Santa Clara, positioning itself closer to the global semiconductor ecosystem.
Across Tier-1 semiconductor programs in live production environments, the company reports delivering 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. ChipAgents says these performance gains are helping compress verification cycles and increase execution velocity across complex digital IC design programs.
In addition, Sandeep Bharathi, President of Marvell’s Data Center Group, has joined the company’s advisory board. Bharathi brings more than two decades of experience in scaling complex SoC programs from design through high-volume production.
The advisory board also includes Wally Rhines, former CEO of Mentor Graphics; Raúl Camposano, former CTO of Synopsys; Jack Harding, former CEO of Cadence; John Bowers, an electrical engineering pioneer; and Erez Tsur, former CEO of Cadence Israel.
Founded in 2024 and headquartered in Santa Clara, California, ChipAgents provides an agentic AI platform that transforms specifications and code into production-ready RTL, verification assets, and automated root-cause analysis to shorten design and verification cycles.
KEY QUOTES
“We’re building an Agentic AI workforce for the semiconductor industry. Our multi-agent AI teams are not just copilots or AI assistants; they actually take ownership. They read specifications, break down objectives, discuss and implement solutions, validate results, and iterate relentlessly. This is not incremental productivity software. It’s a revolutionary AI execution platform for silicon design. As chip complexity explodes and experienced chip design talent becomes the limiting factor, the future will belong to hybrid human-AI teams with the best AI Agent infrastructure. ChipAgents enables small IC design teams to operate like much larger organizations that can move at startup speed. This funding accelerates our mission to make AI-driven chip innovations the default model for how all silicon will be designed, built, and shipped.”
William Wang, CEO And Founder, ChipAgents
“The semiconductor industry is entering a phase where the limits to chip design productivity are no longer the tools themselves. The limits are now talent availability, human bandwidth and design iteration speed. ChipAgents addresses this constraint directly with an Agentic AI platform capable of significantly scaling engineering and design capacity alongside advanced manufacturing progress. As the AI ecosystem demands increasingly complex, higher-performing silicon, we believe ChipAgents will be essential for any chip company that wants to shape the future of AI and compute.”
Wen Hsieh, Founding Managing Partner, Matter Venture Partners
“Semiconductor development continues to grow in complexity as systems scale across cloud and enterprise infrastructure. The industry must rethink how engineering teams are supported. ChipAgents is exploring how AI can create design and verification workflows, and I look forward to advising the company as it advances this mission.”
Sandeep Bharathi, President, Data Center Group, Marvell
