ChipAgents announced the closure of a $50M Series A1 funding round, bringing the total capital raised to $74M.
The round was led by Matter Venture Partners and involved participation from Bessemer Venture Partners, Micron Technology, MediaTek, Ericsson, and others.
In just months, ChipAgents has scaled its Agentic AI platform for chip design, gained 80 leading semiconductor customers (including large semis), and achieved 140x YoY ARR growth.
The company has also signed multi-year, multi-million-dollar licenses with customers and opened a new 20,000 sq ft headquarters in Santa Clara.