Xinhuazhang announced the completion of a Pre-B funding round exceeding 400 million yuan, and will soon release the first-phase research results of EDA 2.0
Boost the overall efficiency of the integrated circuit industry chain to fully underpin future digital development.
On May 13, Xinhuazhang, a leading company in EDA (electronic design automation) intelligent software and systems for integrated circuit design, announced the completion of a Pre-B funding round exceeding 400 million yuan, bringing its total raised to over 1.2 billion yuan. This round was led by Yunfeng Capital, with Matrix Partners China and Pro Capital (through its China Development Bank Equipment Fund) also participating. Existing shareholders Gaorong Ventures, Sequoia Broadband Digital Industry Fund, Hillhouse, and Dashu Changqing all continued their support with firm follow-on investments. In December 2020, Gaorong Ventures led Xinhuazhang's Series A round, and continued to participate in the A+ round and this Pre-B round.
The Pre-B funding will continue to be deployed toward attracting top global talent to Xinhuazhang and launching the next phase of research and technological innovation for EDA 2.0.
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.
In just over a year since its founding, Xinhuazhang has achieved breakthroughs across talent team building, technology and business model innovation, and ecosystem development. The company has not only clarified its R&D roadmap but is also progressively executing its product development plans. As an innovation-driven hard tech company, Xinhuazhang has completed the first phase of its EDA 2.0 research and is preparing to announce its findings. This phase of research will help establish the technical path for developing next-generation EDA, improve overall efficiency across the integrated circuit industry chain, and comprehensively support future digital development.
Libin Wang, Chairman and CEO of Xinhuazhang, stated: "With the efficient collaboration of our world-class R&D talent team and the support of our partners, Xinhuazhang's commercial product development is progressing smoothly and will be rolled out in succession. Looking ahead, EDA is the foundational cornerstone of the chip industry. Breakthroughs in EDA will penetrate upward from the bottom layer, overcoming existing barriers to chip innovation and driving digital transformation across the industry. Its strategic technological importance and vast market prospects speak for themselves. This funding round will accelerate our deployment in next-generation EDA technology R&D, making steady progress toward our more intelligent EDA 2.0 goals."
Learn more at Xinhuazhang's official website: www.x-epic.com.
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