ChipAgents, an emerging company in artificial intelligence for semiconductor design, announced it has raised $21 million in an oversubscribed Series A funding round, bringing its total capital raised to $24 million. The round was led by Bessemer Venture Partners, with strategic participation from Micron, MediaTek, Ericsson, and several other major semiconductor companies.
The funding underscores growing investor confidence in the use of agentic AI systems to accelerate chip design and verification — processes traditionally seen as costly, time-intensive, and increasingly complex. Notable angel investors joining this round include semiconductor industry veterans Wally Rhines, Raúl Camposano, and Jack Harding, alongside existing backers ScOp Venture Capital and Amino Capital.
The new capital will support ChipAgents’ efforts to expand product development, strengthen customer acquisition, and deepen strategic partnerships with global chipmakers.
Founded by Professor William Wang, ChipAgents is reimagining the chip design process through AI-driven automation. Its platform integrates intelligent software agents directly into the design and verification workflow, aiming to make complex engineering tasks faster, more intuitive, and more scalable.
“Electronic design automation has driven decades of semiconductor innovation, but engineers still face fragmented toolchains and mounting design complexity,” said Wang, the company’s founder and CEO. “With ChipAgents, we’re introducing a unified AI platform that automates repetitive tasks, accelerates design and verification, and enables AI-native workflows. The goal is to let engineers focus on innovation rather than process.”
The company has experienced rapid adoption since its seed round, reporting a 6,377% increase in monthly usage in the first half of 2025. Its agentic AI technology is being used to accelerate RTL (Register Transfer Level) code generation, testbench creation, debugging, and verification using natural-language commands. These advances, according to ChipAgents, have enabled up to 80% higher productivity in verification workflows compared with conventional approaches.
Currently, the platform is being deployed at 50 leading semiconductor companies, supporting a 50x year-over-year increase in annual recurring revenue (ARR) as it enters its second year of operation.
“ChipAgents has demonstrated the most advanced product for AI-powered RTL design, debugging, and verification,” said Lance Co Ting Keh, Venture Partner at Bessemer Venture Partners. “Its agentic approach integrates seamlessly across the entire design process, uniting disparate EDA tools from specification to waveform analysis. The feedback from customers validates that this isn’t just about automation — it’s about creating a true productivity multiplier for engineers.”
Henry Huang, Investment Director at Micron Ventures, added, “ChipAgents’ mission to reinvent chip design through AI agents aligns with the needs of modern chipmakers. As semiconductor companies face mounting pressure to develop faster and smarter, this technology offers a clear competitive advantage.”
As part of its growth strategy, ChipAgents has assembled an advisory board of EDA pioneers, including Wally Rhines (former CEO of Mentor Graphics, now Siemens EDA), Raúl Camposano (former CTO of Synopsys), Jack Harding (former CEO of Cadence), and Erez Tsur (former CEO of Cadence Israel). The board will help guide the company’s technology roadmap and business expansion.
“AI is already demonstrating profound impact across semiconductor design,” said Rhines. “Three major chipmakers that conducted independent evaluations of AI design tools ranked ChipAgents as their number one choice.”
Camposano echoed that sentiment, describing the company’s approach as “a new era in semiconductor design, where AI and human expertise converge to solve some of the industry’s most complex challenges.”
With fresh capital, expanding adoption, and backing from some of the most influential names in the semiconductor industry, ChipAgents aims to redefine how chips are designed, verified, and brought to market.
