Xingji Announces Completion of Hundreds of Millions of RMB in Series A Funding, Focused on Innovation in Digital Implementation EDA Products
Dramatically improves chip design efficiency and helps enable first-time-right, rapid volume production.
On October 28, 2021, Xingji, an advanced digital implementation EDA solutions provider, announced the completion of its Series A funding round worth hundreds of millions of RMB. This round was joined by SK China, Vertex Ventures China, and Yunqi Capital, while Gaorong Ventures, Yunhui Capital, Pine VC, and HSG — which had participated in the Pre-A round — all increased their investments. In June of this year, Xingji announced the completion of its Pre-A round, in which Gaorong Ventures co-led.
As a rising force in independently developed digital implementation EDA products, Xingji will combine cloud computing and machine learning with other advanced technologies to continue focusing on R&D innovation in digital implementation EDA tools, with the goal of improving automation levels, helping chip design companies boost efficiency, shortening design cycles, reducing design costs, achieving leapfrog innovation in chip PPA (power, performance, and area), and empowering end-application fields such as smart vehicles, smart cities, and IoT.
Shi Haiyong, Chairman and CEO of Xingji, said, "The company will remain committed to developing first-rate products with first-rate talent, and will unwaveringly pursue the path of new technology integration. The addition of strong new Series A investors will help with the company's long-term development planning. We hope to work together with all our investors to drive Xingji's faster and more robust growth."
About Xingji
Xingji brings together world-class EDA technical support and R&D talent, focusing on independently developing next-generation digital chip implementation EDA technologies and providing high-end digital chip design solutions that can substantially improve chip design efficiency and help achieve rapid first-time-right tapeouts, powering the rapid development and industrial takeoff of numerous partners in integrated circuit fields including artificial intelligence, smart vehicles, 5G, and cloud computing.
For more information, please visit Xingji's official website at www.xtimes-da.com.
