EDA Technology Breakthrough Xinhuazhang Announces Over RMB 200 Million Series A Funding Round, Led by Gaorong Ventures
Defining the future of intelligence, from the chip up.
Xinhuazhang, a leading company in EDA (Electronic Design Automation) intelligent software and systems, today announced the completion of its Series A funding round. The round was led by Gaorong Ventures, with participation from 5Y Capital (formerly Morningside Venture Capital) and Shanghai Yuhan. Existing shareholders also followed on in this round.
Xinhuazhang's Series A financing exceeded RMB 200 million. The proceeds will be used primarily to attract and incentivize global R&D talent as well as cross-disciplinary researchers, supporting the company's comprehensive push into EDA 2.0 technology research and product development.
EDA is foundational core science and technology for developing the digital economy. Its advancement directly impacts digital efficiency gains across every industry in the future. Since its founding in March 2020, Xinhuazhang has been driven by the mission to "define the intelligent future from the chip up." Making EDA 2.0 for the future a reality in China has been the technical philosophy the team has consistently upheld.
Through innovative hardware-software EDA frameworks and algorithms, the company integrates cutting-edge technologies including artificial intelligence, machine learning, and cloud computing to lower the design threshold for System-on-Chip (SoC) solutions and shorten product development cycles. The more intelligent EDA 2.0 that Xinhuazhang is developing will empower chip innovation and thereby support the rapid development of the digital economy era.
Wang Libin, Chairman and CEO of Xinhuazhang, said, "In less than a year since our founding, Xinhuazhang has already gained tremendous recognition from the market and industry. We are thrilled to partner with collaborators who share our dream and ambition to change the world, accelerating innovation in EDA technology. Xinhuazhang is embarking on an exciting journey of technical breakthroughs — EDA 2.0 is a new form of EDA science and technology for the future digital economy. It will simplify the chip innovation process and lower technical barriers, making chip creation easier and thereby accelerating and empowering the digital transformation of industries."
Wang Libin added, "We are accelerating our research on this technology. The high-performance, multi-functional programmable adapter solution 'Lingdong' released in November, along with our new emulation technology that was the first domestically to support Chinese computer architectures, have already adopted EDA 2.0's technical concepts and some foundational technologies. Going forward, we will accelerate the launch of more systems and software."
Yue Bin, Founding Partner of Gaorong Ventures, commented: "We were moved by Xinhuazhang's technical vision and hold its R&D, management, and operations team in the highest regard for their top-tier capabilities in the industry. In just a few short months, Xinhuazhang developed and launched products and technologies of epoch-making significance for EDA. This has given them an excellent starting point and makes us even more eager to see them achieve breakthroughs in EDA technology, ushering EDA into the intelligent 2.0 era."
About Xinhuazhang
"Xinhuazhang" — meaning "opening a magnificent new chapter for the chip industry" — was founded in March 2020 by a global team of elite EDA professionals with bold aspirations. The company is dedicated to the R&D, production, sales, and technical services of next-generation EDA intelligent software and systems, supporting the development of integrated circuits, 5G, artificial intelligence, cloud services, and supercomputing. It provides partners with independently developed, secure, and reliable chip industry solutions and services. Learn more at www.x-epic.com.
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