EDA digital implementation solutions provider Xingji announced the completion of a Pre-A funding round worth several hundred million yuan.
Where the chip leads, there we go — together, forging a new era of digital intelligence.
On June 7, 2021, Xingji, a provider of EDA digital implementation solutions, announced the completion of a Pre-A funding round worth several hundred million RMB. The round was co-led by Gaorong Ventures, HSG, Pine VC, and Yunhui Capital, with participation from ZhenFund. The company plans to further attract and recruit top-tier professional talent and experts in emerging technology fields, building on its existing world-class R&D team to continue innovative development and accelerate the commercialization of next-generation digital implementation EDA technology.
The transformation toward a digital economy society requires robust technological support. Integrated circuit chips are key to achieving technology-driven development, and EDA (electronic design automation) tools sit upstream in the IC industry chain, running through the entire chip creation process and serving as a critical productivity engine. Innovation in EDA will ensure the massive chip demand from AI, smart vehicles, 5G, cloud computing, smart cities, and other IC-related fields, while also driving the creation of more powerful application chips.
Xingji's name signifies "where the chip leads, the journey follows" — working alongside industry peers to "jointly create a new era of digital intelligence." The company focuses on R&D innovation in digital implementation EDA and provides high-end digital chip design services, integrating rapidly evolving technologies such as machine learning and distributed computing to reconstruct a next-generation digital implementation EDA architecture. This will help substantially improve chip design efficiency and continuously optimize chip performance, power consumption, and area, ultimately driving rapid iteration of end-user smart products.
Shi Haiyong, Chairman and CEO of Xingji, stated: "Technological innovation is the spiritual core and driving force of Xingji. We are steadily advancing our technical implementation and will maintain an open mindset, integrating innovative elements on the basis of thorough validation. Our next-generation EDA products will see comprehensive improvements in performance and automation. The R&D barriers in digital implementation EDA are extremely high, requiring persistent effort from our internal team as well as the combined strength of partners. Xingji will gather forces from multiple sides, continue to attract top talent, keep pushing forward, and strive to surpass expectations."
Yue Bin, Founding Partner of Gaorong Ventures, said: "Xingji has a world-class technical expert team with top-tier capabilities in the digital implementation EDA field, which demands both accumulated experience and breakthrough innovation. We fully sense the team's confidence in this high-end technology sector and their efforts toward achieving established goals. We are very pleased to join Xingji on this journey, accelerating the realization and innovation of critical technologies and laying a solid foundation for the rapid development of the integrated circuit industry."
About Xingji
Xingji (X-Times Design Automation Co., LTD) brings together world-class EDA technical support and R&D elites, focusing on independent development of next-generation digital chip implementation EDA technology and providing high-end digital chip design solutions. The company can substantially improve chip design efficiency and help achieve rapid first-time-right chip production, safeguarding 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.
