5Y News | Xinhuazhang, a 5Y Capital portfolio company, announces completion of Series A+ round
Accelerating the R&D push for EDA 2.0, with continued backing from 5Y Capital.
On January 25, 2021, Xinhuazhang, a leading company in EDA (Electronic Design Automation) intelligent software and systems, announced the completion of a Series A+ round worth several hundred million RMB. The round was led by Sequoia Capital's Digital Broadband Industry Fund, with participation from Chengwei Capital and Xihao Capital, and continued support from 5Y Capital. Previously, 5Y Capital had participated in Xinhuazhang's Series A round.
The proceeds will continue to fund the recruitment and retention of global R&D talent and cross-disciplinary researchers, accelerating the advancement of EDA 2.0 technology research and product development.
Xinhuazhang brings together elite talent from the global EDA industry and cutting-edge technology fields, driven by an open, future-oriented faith in creating value through technology. By integrating artificial intelligence, machine learning, cloud computing, and other frontier sciences, the company is building EDA 2.0 technologies for the digital society — redefining chip design methodology to improve innovation efficiency and accelerate the development of an open, collaborative industrial ecosystem. Just months after its founding, Xinhuazhang has already launched two groundbreaking products and technologies embodying the EDA 2.0 vision: "Lingdong," a high-performance, multi-function programmable adapter solution, and a new simulation technology that is the first in China to support domestic computer architectures — compatible with existing ecosystems while enabling future-oriented architectures to meet high-performance, high-efficiency verification demands.
Libin Wang, Chairman and CEO of Xinhuazhang, said: "In just ten months since our founding, Xinhuazhang has attracted 130 outstanding partners who share our technical vision. With remarkable execution and sense of mission, our team has delivered two pioneering EDA verification products and technologies. As a technology-driven company, we are intensifying our exploration of frontier technologies and fully advancing EDA 2.0 research and development. Xinhuazhang is delighted to march toward the future alongside like-minded investors in this round, contributing to the acceleration of digital society."
About Xinhuazhang
Xinhuazhang brings together elite talent from the global EDA industry and cutting-edge technology fields, dedicated to developing next-generation EDA software and intelligent electronic design platforms. Its products will comprehensively cover digital chip verification needs, including: hardware emulation systems, FPGA prototyping verification systems, intelligent verification, formal verification, and logic simulation — fully supporting development across integrated circuits, 5G, artificial intelligence, cloud services, automotive electronics, and high-performance computing, while providing partners with independently developed, secure, and reliable chip industry solutions and expert advisory services.
5Y Capital (formerly Morningside Venture Capital) currently manages approximately $3 billion across USD and RMB dual-currency funds. We believe that if the "crazy" you that others see starts to be believed in, the world becomes a better place.
BEIJING · SHANGHAI · SHENZHEN · HONG KONG
