Xinhuazhang Closes Hundreds of Millions of RMB in Series B Funding, Doubles Down on Agile Verification to Power System-Level Innovation
Accelerating time-to-market from chip to system.
Xinhuazhang, a provider of system-level verification EDA solutions, recently announced the completion of its Series B funding round of several hundred million RMB. The round was led by CICC Capital's CEIC Fund, with participation from Mirae Asset Group, Henglu Asset, and others. Gaorong Ventures, which led Xinhuazhang's Series A round, also continued to participate in its A+ and Pre-B rounds.
The proceeds will be used to accelerate product mass production and deployment, strengthen its expert technical support team, and further solidify Xinhuazhang's full-flow digital verification service capabilities — providing a secure, reliable, high-quality toolchain for the digital industry.
Xinhuazhang brings together global EDA industry elites and top talent from cutting-edge technology fields. Built on technical pillars including intelligent debugging, intelligent compilation, intelligent verification cockpit, and intelligent cloud-native architecture, the company has constructed the Xinhuazhang platform foundation, offering seven product lines that comprehensively cover digital chip verification needs: hardware emulation systems, FPGA prototyping verification systems, intelligent scenario verification, formal verification, logic simulation, system debugging, and verification cloud. It provides partners with independently developed, secure, and reliable chip industry solutions and expert advisory services. At the same time, Xinhuazhang is committed to the research and development of EDA 2.0, an intelligent electronic design platform for the future, using technological innovation to accelerate system innovation efficiency and make chip design simpler and more accessible.
In response to the enormous challenges that emerging technology environments pose for system application innovation — in terms of verification scale, efficiency, and completeness — Xinhuazhang has adopted an end-goal-oriented approach to build its ZhìV (Smart V) verification platform with a unified underlying architecture and a full-flow digital verification toolchain. Aiming for automated, intelligent rapid iteration, it provides users with agile verification solutions from the system level to the circuit level, helping to shorten the time-to-market cycle from chip to system.
Libin Wang, Chairman and CEO of Xinhuazhang, said: "We are grateful for our investment partners' recognition. This trust and support undoubtedly represents dual affirmation from both the industrial ecosystem and professional capital for Xinhuazhang. We have always adhered to innovation as our foundation and service as our priority, committed to providing customers with tailored agile verification solutions. Through intelligent, automated EDA tools, we aim to reduce the development cost, risk, and barrier to entry for system-level electronic innovation. Going forward, we will continue moving forward and iterating on innovation, providing users with fast-response, high-quality localized technical support and services, and continuing to inject strong technological momentum into driving system-level innovation and digital transformation."
